Shares of Horizon Technology Finance Co. (NASDAQ:HRZN – Get Free Report) have been assigned an average recommendation of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.63.
Several analysts have recently weighed in on the stock. B. Riley reiterated a “sell” rating and set a $9.00 target price (down from $10.00) on shares of Horizon Technology Finance in a research report on Thursday, August 1st. Keefe, Bruyette & Woods reduced their price target on shares of Horizon Technology Finance from $9.50 to $9.00 and set an “underperform” rating on the stock in a research report on Thursday, August 1st.
Check Out Our Latest Report on Horizon Technology Finance
Hedge Funds Weigh In On Horizon Technology Finance
Horizon Technology Finance Stock Performance
NASDAQ:HRZN opened at $10.33 on Tuesday. The firm’s 50-day moving average is $10.88 and its 200-day moving average is $11.45. Horizon Technology Finance has a 52-week low of $10.32 and a 52-week high of $13.73. The company has a market cap of $361.77 million, a price-to-earnings ratio of -24.60 and a beta of 1.23.
Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last issued its earnings results on Tuesday, July 30th. The investment management company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Horizon Technology Finance had a negative net margin of 21.19% and a positive return on equity of 17.39%. The business had revenue of $25.68 million for the quarter, compared to analyst estimates of $26.74 million. During the same period in the previous year, the business earned $0.54 EPS. Equities analysts predict that Horizon Technology Finance will post 1.23 EPS for the current year.
Horizon Technology Finance Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.32 dividend on an annualized basis and a yield of 12.78%. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -314.29%.
Horizon Technology Finance Company Profile
Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.
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