Horizon Technology Finance Corp. (NASDAQ:hrzn) declared a quarterly dividend on Monday, August 8th. Investors of record on Friday, November 18th will be given a dividend of 0.115 per share by the investment management company on Thursday, December 15th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Wednesday, November 16th.

Horizon Technology Finance Corp. (NASDAQ:HRZN) opened at 10.94 on Friday. The company’s 50 day moving average price is $12.89 and its 200-day moving average price is $12.72. 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 quarterly earnings results on Tuesday, November 1st. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $7.61 million for the quarter, compared to analyst estimates of $8.34 million. Horizon Technology Finance Corp. had a positive return on equity of 11.33% and a negative net margin of 4.62%. The company’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities research analysts anticipate that Horizon Technology Finance Corp. will post $1.45 EPS for the current year.

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

Several research analysts have issued reports on HRZN shares. Citigroup Inc. lowered Horizon Technology Finance Corp. to a “market perform” rating and set a $14.00 price target on the stock. in a report on Thursday, August 4th. They noted that the move was a valuation call. Maxim Group lowered Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $13.75 in a report on Thursday, August 4th. Compass Point lowered Horizon Technology Finance Corp. from a “neutral” rating to a “sell” rating in a report on Wednesday, November 2nd. National Securities lowered Horizon Technology Finance Corp. from a “buy” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $11.00 in a report on Wednesday, November 2nd. Finally, Oppenheimer Holdings Inc. lowered Horizon Technology Finance Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $13.36.

In related news, CEO Robert D. Jr. Pomeroy bought 4,225 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were bought at an average price of $10.50 per share, for a total transaction of $44,362.50. Following the completion of the acquisition, the chief executive officer now directly owns 62,117 shares of the company’s stock, valued at $652,228.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Fund Advisors LLC bought a new position in Horizon Technology Finance Corp. during the second quarter worth $207,000. 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 in the last quarter. Finally, 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 in the last quarter. Institutional investors own 18.53% of the company’s stock.

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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