Horizon Technology Finance Corp. (hrzn) Plans Quarterly Dividend of $0.12
Horizon Technology Finance Corp. (NASDAQ:hrzn) declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Tuesday, September 20th will be given a dividend of 0.115 per share by the investment management company on Monday, October 17th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, September 16th.
A number of brokerages recently weighed in on HRZN. Citigroup Inc. downgraded shares of Horizon Technology Finance Corp. to a “market perform” rating and set a $14.00 target price on the stock. in a research note on Thursday, August 4th. They noted that the move was a valuation call. Compass Point began coverage on shares of Horizon Technology Finance Corp. in a research note on Thursday, July 7th. They issued a “neutral” rating and a $12.65 target price on the stock. Maxim Group downgraded shares of Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating and lowered their target price for the company from $14.00 to $13.75 in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. downgraded shares of Horizon Technology Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 4th. Finally, National Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of Horizon Technology Finance Corp. in a research note on Thursday, August 4th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Horizon Technology Finance Corp. currently has an average rating of “Hold” and a consensus price target of $13.54.
Horizon Technology Finance Corp. (NASDAQ:HRZN) opened at 13.45 on Friday. The firm’s 50 day moving average is $13.60 and its 200 day moving average is $12.24. Horizon Technology Finance Corp. has a 1-year low of $9.01 and a 1-year high of $13.95.
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Horizon Technology Finance Corp. (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, August 2nd. The investment management company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The company earned $9.09 million during the quarter, compared to analysts’ expectations of $8.69 million. Horizon Technology Finance Corp. had a return on equity of 10.80% and a net margin of 21.44%. Horizon Technology Finance Corp.’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. On average, equities analysts anticipate that Horizon Technology Finance Corp. will post $1.45 EPS for the current fiscal year.
About Horizon Technology Finance Corp.
Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate 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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