Horizon Technology Finance Corporation (HRZN) to Issue Monthly Dividend of $0.10 on February 15th

Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Wednesday, November 1st, Wall Street Journal reports. Stockholders of record on Monday, January 22nd will be given a dividend of 0.10 per share by the investment management company on Thursday, February 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.42%. The ex-dividend date is Friday, January 19th.

Horizon Technology Finance (NASDAQ HRZN) opened at $11.52 on Friday. The firm has a market capitalization of $132.69, a price-to-earnings ratio of 20.21 and a beta of 0.85. Horizon Technology Finance has a twelve month low of $9.66 and a twelve month high of $11.81.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $6.39 million. Horizon Technology Finance had a return on equity of 9.96% and a net margin of 24.46%. analysts expect that Horizon Technology Finance will post 1.12 EPS for the current year.

Several equities analysts recently issued reports on the company. TheStreet raised Horizon Technology Finance from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. ValuEngine raised Horizon Technology Finance from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Horizon Technology Finance from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Raymond James Financial raised Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. Finally, National Securities reissued a “neutral” rating and set a $10.00 target price on shares of Horizon Technology Finance in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $10.75.

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Horizon Technology Finance 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.

Dividend History for Horizon Technology Finance (NASDAQ:HRZN)

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