Horizon Technology Finance (HRZN) Announces Monthly Dividend of $0.12
Horizon Technology Finance (NASDAQ:HRZN) announced a monthly dividend on Wednesday, March 13th. Stockholders of record on Thursday, April 18th will be paid a dividend of $0.12 per share on Wednesday, May 15th. This represents a $1.38 annualized dividend and a dividend yield of 9.34%. The ex-dividend date is Tuesday, April 16th.
A number of analysts have recently weighed in on HRZN shares. Analysts at Wunderlich initiated coverage on shares of Horizon Technology Finance in a research note to investors on Friday, March 1st. They set a “buy” rating and a $16.50 price target on the stock. On the ratings front, analysts at Gilford Securities downgraded shares of Horizon Technology Finance from a “buy” rating to a “hold” rating in a research note to investors on Friday, February 15th. Finally, analysts at Maxim Group initiated coverage on shares of Horizon Technology Finance in a research note to investors on Tuesday, January 15th. They set a “buy” rating and a $17.50 price target on the stock.
Three investment analysts have rated the stock with a buy rating, and three have issued a hold rating to the stock. The stock currently has a consensus rating of “overweight” and a consensus target price of $16.50.
Horizon Technology Finance (HRZN) traded down 2.95% on Wednesday, hitting $14.78. Horizon Technology Finance (HRZN) has a 52-week low of $13.46 and a 52-week high of $18.17. The stock’s 50-day moving average is currently $15.2. The company has a market cap of $141.3 million and a price-to-earnings ratio of 13.26.
Horizon Technology Finance last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.01. The company had revenue of $7.94 million for the quarter, compared to the consensus estimate of $7.27 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 28.5% on a year-over-year basis. On average, analysts predict that Horizon Technology Finance (HRZN) will post $1.53 earnings per share for the current fiscal year.
Horizon Technology Finance Corporation is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries.
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