Horizon Technology Finance Corp. (NASDAQ:hrzn) declared a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Thursday, October 20th will be given a dividend of 0.115 per share by the investment management company on Tuesday, November 15th. This represents a $0.46 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, October 18th.

Horizon Technology Finance Corp. (NASDAQ:HRZN) opened at 13.73 on Thursday. The firm’s 50-day moving average is $13.52 and its 200-day moving average is $12.62. Horizon Technology Finance Corp. has a 12-month low of $9.01 and a 12-month high of $13.95.

Horizon Technology Finance Corp. (NASDAQ:HRZN) last announced its earnings results on Tuesday, August 2nd. The investment management company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The company earned $9.09 million during the quarter, compared to the consensus estimate of $8.69 million. Horizon Technology Finance Corp. had a return on equity of 10.80% and a net margin of 21.44%. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, equities analysts predict that Horizon Technology Finance Corp. will post $1.45 EPS for the current year.

Dividend History for Horizon Technology Finance Corp. (NASDAQ:hrzn)

Several large investors have recently added to or reduced their stakes in HRZN. Guggenheim Capital LLC boosted its stake in Horizon Technology Finance Corp. by 53.5% in the second quarter. Guggenheim Capital LLC now owns 72,216 shares of the investment management company’s stock worth $881,000 after buying an additional 25,181 shares in the last quarter. Nuveen Fund Advisors LLC bought a new stake in Horizon Technology Finance Corp. during the second quarter worth approximately $207,000. Finally, JPMorgan Chase & Co. boosted its stake in Horizon Technology Finance Corp. by 130.2% in the second quarter. JPMorgan Chase & Co. now owns 27,343 shares of the investment management company’s stock worth $334,000 after buying an additional 15,464 shares in the last quarter. 18.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Citigroup Inc. downgraded Horizon Technology Finance Corp. to a “market perform” rating and set a $14.00 target price for the company. in a report on Thursday, August 4th. They noted that the move was a valuation call. Zacks Investment Research downgraded Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Oppenheimer Holdings Inc. downgraded Horizon Technology Finance Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, August 4th. Maxim Group downgraded Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.00 to $13.75 in a report on Thursday, August 4th. Finally, Compass Point assumed coverage on Horizon Technology Finance Corp. in a report on Thursday, July 7th. They set a “neutral” rating and a $12.65 target price for the company. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Horizon Technology Finance Corp. has a consensus rating of “Hold” and an average price target of $13.54.

Horizon Technology Finance Corp. Company Profile

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

5 Day Chart for NASDAQ:HRZN

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