Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) released its earnings results on Tuesday. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06), Zacks reports. The firm had revenue of $23.55 million during the quarter, compared to analysts' expectations of $25.69 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%.
Horizon Technology Finance Stock Performance
HRZN traded up $0.46 during trading on Friday, reaching $9.27. 580,693 shares of the company traded hands, compared to its average volume of 342,288. Horizon Technology Finance has a 12-month low of $8.46 and a 12-month high of $12.63. The firm has a fifty day simple moving average of $9.38 and a 200 day simple moving average of $9.82. The company has a market cap of $373.72 million, a P/E ratio of -77.25 and a beta of 1.18.
Horizon Technology Finance Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 14.24%. The ex-dividend date of this dividend is Monday, March 17th. Horizon Technology Finance's dividend payout ratio (DPR) is currently -1,100.00%.
Analyst Upgrades and Downgrades
HRZN has been the subject of several analyst reports. StockNews.com lowered shares of Horizon Technology Finance from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Compass Point raised shares of Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 target price for the company in a report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Horizon Technology Finance from $9.00 to $8.00 and set an "underperform" rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $8.94.
View Our Latest Stock Report on Horizon Technology Finance
Insider Buying and Selling at Horizon Technology Finance
In related news, Director Michael Balkin acquired 20,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $8.53 per share, with a total value of $170,600.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $170,600. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.34% of the company's stock.
About Horizon Technology Finance
(
Get Free Report)
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.
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