UPDATE: Gilford Securities Upgrades Horizon Technology to Buy on Raised 2013 NII Estimate

In a report published Thursday, Gilford Securities analyst Casey Alexander upgraded the rating on Horizon Technology Finance Corporation

from Neutral to Buy, and reiterated the $15.30 price target. In the report, Alexander noted, ““Horizon Technology Finance (HRZN) targeted $10MM in net originations (after amortization and early payoffs) on a quarterly basis. In 2013 Q1 net originations are reported as approximately $18MM. As a result we are adjusting our 2013 NII1per share estimate from $1.45 per share to $1.47 share (see Income Statement at the end of the report). Our estimate for 2013 Year End NAV2 per share is going from $15.24 per share to $15.25 per share. Our NII per share estimate for 2013 Q1 remains $0.35 per share.” Horizon Technology Finance Corporation closed on Wednesday at $13.39.