Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Horizon Technology Finance (HRZN) Share Price
Headlines about Horizon Technology Finance (NASDAQ:HRZN) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Horizon Technology Finance earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.332725382563 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Horizon Technology Finance (NASDAQ:HRZN) opened at $11.65 on Friday. The stock has a market cap of $130.27, a P/E ratio of 20.44 and a beta of 0.85. Horizon Technology Finance has a 12-month low of $9.66 and a 12-month high of $11.88.
Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, October 31st. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. The business had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $6.39 million. Horizon Technology Finance had a net margin of 24.46% and a return on equity of 9.96%. equities research analysts expect that Horizon Technology Finance will post 1.12 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 22nd will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date is Friday, January 19th. Horizon Technology Finance’s dividend payout ratio is 210.53%.
Several equities analysts have recently commented on the stock. Wells Fargo & Co cut shares of Horizon Technology Finance from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 9th. National Securities cut shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $10.00 target price for the company. in a research report on Tuesday, October 17th. ValuEngine upgraded shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, TheStreet upgraded shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Horizon Technology Finance has an average rating of “Hold” and a consensus price target of $10.75.
About Horizon Technology Finance
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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