Horizon Technology Finance Corp. (hrzn) To Go Ex-Dividend on October 18th
Horizon Technology Finance Corp. (NASDAQ:hrzn) declared a quarterly dividend on Wednesday, August 3rd. Stockholders 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 dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, October 18th.
Horizon Technology Finance Corp. (NASDAQ:HRZN) opened at 13.73 on Thursday. The stock’s 50 day moving average is $13.52 and its 200-day moving average is $12.62. Horizon Technology Finance Corp. has a 52-week low of $9.01 and a 52-week high of $13.95.
Horizon Technology Finance Corp. (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, August 2nd. The investment management company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. Horizon Technology Finance Corp. had a net margin of 21.44% and a return on equity of 10.80%. The firm earned $9.09 million during the quarter, compared to analysts’ expectations of $8.69 million. During the same period in the previous year, the company earned $0.25 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. On average, analysts anticipate that Horizon Technology Finance Corp. will post $1.45 EPS for the current year.
Several research firms have recently weighed in on HRZN. National Securities reissued a “buy” rating and set a $14.00 price objective on shares of Horizon Technology Finance Corp. in a report on Thursday, August 4th. Maxim Group cut shares of Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $13.75 in a report on Thursday, August 4th. Oppenheimer Holdings Inc. cut shares of Horizon Technology Finance Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, August 4th. Citigroup Inc. cut shares of Horizon Technology Finance Corp. to a “market perform” rating and set a $14.00 price objective for the company. in a report on Thursday, August 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.54.
Several institutional investors have recently bought and sold shares of HRZN. Guggenheim Capital LLC raised its position 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 during the last quarter. Nuveen Fund Advisors LLC purchased a new position in Horizon Technology Finance Corp. during the second quarter worth $207,000. Finally, JPMorgan Chase & Co. raised its position 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 during the last quarter. Institutional investors and hedge funds own 18.65% of the company’s stock.
About Horizon Technology Finance Corp.
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.
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