Horizon Technology Finance (HRZN) to Release Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN) will announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). Horizon Technology Finance had a negative net margin of 15.14% and a positive return on equity of 18.24%. The firm had revenue of $28.18 million during the quarter, compared to the consensus estimate of $29.21 million. 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 Down 0.5 %

HRZN opened at $11.43 on Tuesday. The company has a fifty day moving average price of $11.83 and a two-hundred day moving average price of $12.33. Horizon Technology Finance has a 52 week low of $10.75 and a 52 week high of $13.73.

Horizon Technology Finance Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 16th. Investors of record on Tuesday, March 19th were given a $0.16 dividend. The ex-dividend date was Monday, March 18th. This represents a dividend yield of 16.48%. This is a boost from Horizon Technology Finance’s previous dividend of $0.11. Horizon Technology Finance’s dividend payout ratio is currently -269.38%.

Insiders Place Their Bets

In other news, President Gerald A. Michaud bought 3,650 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average cost of $11.77 per share, for a total transaction of $42,960.50. Following the purchase, the president now owns 156,244 shares of the company’s stock, valued at approximately $1,838,991.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

HRZN has been the subject of several research reports. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Horizon Technology Finance in a research report on Wednesday, February 28th. UBS Group reduced their price objective on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a research report on Monday, March 18th. B. Riley lowered Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research report on Monday, January 8th. Finally, Oppenheimer decreased their price target on shares of Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.38.

About Horizon Technology Finance

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.