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Horizon Technology continues post-earnings run as sell-side comes along

Nov. 10, 2015 10:11 AM ETHorizon Technology Finance (HRZN)HRZNBy: Stephen Alpher, SA News Editor4 Comments
  • The company one week ago reported net investment income of $0.35 per share, beating expectations by $0.03 and surpassing the distribution by half a penny.
  • Net asset value of $13.94 per share slipped a nickel from one quarter earlier, but towered over the then share price of about $10.40. The company has a $5M buyback program in place.
  • Raymond James upgrades to Outperform and Ladenburg Thalman initiates coverage with a Buy.
  • HRZN +4.3% to $11.32.
  • Previously: Horizon Technology Finance beats by $0.03, beats on total investment income (Nov. 3)

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