Horizon Technology Finance (HRZN) to Release Earnings on Tuesday

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

Horizon Technology Finance (NASDAQ:HRZN) last announced 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 business had revenue of $28.18 million during 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 Stock Performance

Shares of HRZN opened at $11.64 on Monday. The firm has a market capitalization of $407.64 million, a P/E ratio of -23.76 and a beta of 1.21. Horizon Technology Finance has a 52 week low of $10.75 and a 52 week high of $13.73. The stock has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $12.31.

Horizon Technology Finance Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 16th. Investors of record on Tuesday, March 19th were given a dividend of $0.16 per share. This is a boost from Horizon Technology Finance’s previous dividend of $0.11. The ex-dividend date was Monday, March 18th. This represents a dividend yield of 16.48%. Horizon Technology Finance’s payout ratio is presently -269.39%.

Wall Street Analysts Forecast Growth

HRZN has been the topic of a number of analyst reports. B. Riley downgraded shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 price objective on the stock. in a report on Monday, January 8th. Oppenheimer reduced their price objective on shares of Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research report 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. Finally, UBS Group reduced their target price on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company 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 stock presently has a consensus rating of “Hold” and an average price target of $10.38.

Insiders Place Their Bets

In related news, President Gerald A. Michaud bought 3,650 shares of Horizon Technology Finance stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of $11.77 per share, with a total value of $42,960.50. Following the transaction, the president now directly owns 156,244 shares of the company’s stock, valued at $1,838,991.88. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Horizon Technology Finance Company Profile

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.