News headlines about Horizon Technology Finance Corporation (NASDAQ:HRZN) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Horizon Technology Finance Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 45.5553802623414 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

Several brokerages recently issued reports on HRZN. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 target price on shares of Horizon Technology Finance Corporation in a research report on Tuesday, July 25th. Compass Point reiterated a “sell” rating and set a $10.00 price target on shares of Horizon Technology Finance Corporation in a research note on Thursday, July 6th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Horizon Technology Finance Corporation in a research note on Thursday, August 3rd. UBS AG downgraded Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 3rd. Finally, Maxim Group reiterated a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.20.

Shares of Horizon Technology Finance Corporation (HRZN) opened at 10.66 on Friday. The firm’s 50-day moving average price is $10.74 and its 200 day moving average price is $11.10. Horizon Technology Finance Corporation has a 1-year low of $9.64 and a 1-year high of $13.79.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its earnings results on Tuesday, August 1st. The investment management company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.03. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The firm had revenue of $5.88 million for the quarter, compared to analyst estimates of $6.71 million. During the same quarter last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was down 35.3% on a year-over-year basis. On average, equities analysts expect that Horizon Technology Finance Corporation will post $1.09 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date of this dividend is Wednesday, October 18th. Horizon Technology Finance Corporation’s dividend payout ratio (DPR) is currently -749.95%.

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Horizon Technology Finance Corporation 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.

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