Horizon Technology Finance Corp. (NASDAQ:hrzn) declared a quarterly dividend on Wednesday, August 3rd. Investors 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 annualized dividend and a 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 company’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 issued its quarterly earnings data on Tuesday, August 2nd. The investment management company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ 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 business earned $9.09 million during the quarter, compared to analyst estimates of $8.69 million. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities analysts forecast that Horizon Technology Finance Corp. will post $1.45 EPS for the current fiscal year.

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

Several research analysts have commented on the stock. Citigroup Inc. lowered 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. Zacks Investment Research lowered shares of Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Oppenheimer Holdings Inc. lowered shares of Horizon Technology Finance Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, August 4th. Maxim Group lowered shares of Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $14.00 to $13.75 in a report on Thursday, August 4th. Finally, Compass Point initiated coverage on shares of Horizon Technology Finance Corp. in a report on Thursday, July 7th. They issued a “neutral” rating and a $12.65 price objective for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.54.

Hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised 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. JPMorgan Chase & Co. raised 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. Finally, Nuveen Fund Advisors LLC purchased a new stake in Horizon Technology Finance Corp. during the second quarter worth $207,000. 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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