Horizon Technology Finance (HRZN) to Release Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Horizon Technology Finance to post earnings of $0.36 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm had revenue of $28.18 million for the quarter, compared to the consensus estimate of $29.21 million. Horizon Technology Finance had a negative net margin of 15.14% and a positive return on equity of 18.24%. On average, analysts expect Horizon Technology Finance to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Horizon Technology Finance Trading Up 1.0 %

HRZN opened at $11.64 on Monday. Horizon Technology Finance has a 12-month low of $10.75 and a 12-month high of $13.73. The company has a market cap of $407.64 million, a price-to-earnings ratio of -23.76 and a beta of 1.21. The stock has a fifty day simple moving average of $11.70 and a two-hundred day simple moving average of $12.31.

Horizon Technology Finance Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 16th. Investors of record on Tuesday, March 19th were paid a $0.16 dividend. This represents a dividend yield of 16.48%. This is a positive change from Horizon Technology Finance’s previous dividend of $0.11. The ex-dividend date was Monday, March 18th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -269.39%.

Insider Buying and Selling

In other Horizon Technology Finance news, President Gerald A. Michaud bought 3,650 shares of Horizon Technology Finance stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $11.77 per share, with a total value of $42,960.50. Following the acquisition, the president now owns 156,244 shares in the company, valued at $1,838,991.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HRZN. Oppenheimer dropped their price objective on shares of Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, March 1st. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Horizon Technology Finance in a research report on Wednesday, February 28th. B. Riley lowered Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 price objective for the company. in a research report on Monday, January 8th. Finally, UBS Group dropped their target price on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating on the stock in a report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.38.

About Horizon Technology Finance

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.