Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend on Thursday, May 4th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be given a dividend of 0.10 per share by the investment management company on Friday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 11.17%. The ex-dividend date is Wednesday, August 16th.
Shares of Horizon Technology Finance Corporation (NASDAQ HRZN) opened at 10.74 on Tuesday. Horizon Technology Finance Corporation has a 1-year low of $9.64 and a 1-year high of $13.93. The stock’s 50 day moving average price is $11.26 and its 200 day moving average price is $11.23.
Horizon Technology Finance Corporation (NASDAQ:HRZN) last released its earnings results on Tuesday, August 1st. The investment management company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The business had revenue of $5.88 million for the quarter, compared to analyst estimates of $6.71 million. During the same period in the prior year, the firm posted $0.39 EPS. Horizon Technology Finance Corporation’s revenue was down 35.3% on a year-over-year basis. On average, analysts anticipate that Horizon Technology Finance Corporation will post $1.09 EPS for the current year.
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A number of analysts have commented on HRZN shares. Maxim Group reaffirmed a “hold” rating on shares of Horizon Technology Finance Corporation in a report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Horizon Technology Finance Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, May 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 target price on shares of Horizon Technology Finance Corporation in a report on Friday, April 28th. National Securities reaffirmed a “neutral” rating and set a $11.00 target price on shares of Horizon Technology Finance Corporation in a report on Monday, May 8th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Horizon Technology Finance Corporation in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.00.
Horizon Technology Finance Corporation Company Profile
Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.
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