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 annualized dividend and a yield of 4.20%. The ex-dividend date is Wednesday, November 16th.

Horizon Technology Finance Corp. (NASDAQ:HRZN) opened at 10.94 on Friday. Horizon Technology Finance Corp. has a 1-year low of $9.01 and a 1-year high of $13.95. The company’s 50-day moving average is $12.89 and its 200 day moving average is $12.72.

Horizon Technology Finance Corp. (NASDAQ:HRZN) last issued its earnings results on Tuesday, November 1st. The investment management company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm earned $7.61 million during the quarter, compared to the consensus estimate 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 business’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Analysts anticipate that Horizon Technology Finance Corp. will post $1.45 earnings per share for the current year.

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

HRZN has been the subject of several research analyst reports. National Securities reissued a “buy” rating and set a $14.00 target price on shares of Horizon Technology Finance Corp. in a research note on Thursday, August 4th. Maxim Group downgraded Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $13.75 in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. downgraded Horizon Technology Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 4th. Citigroup Inc. downgraded Horizon Technology Finance Corp. to a “market perform” rating and set a $14.00 price objective for the company. in a research note on Thursday, August 4th. They noted that the move was a valuation call. Finally, Compass Point downgraded Horizon Technology Finance Corp. from a “neutral” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Horizon Technology Finance Corp. presently has a consensus rating of “Hold” and an average target price of $13.36.

In related news, CEO Robert D. Jr. Pomeroy bought 4,225 shares of Horizon Technology Finance Corp. stock in a transaction that occurred on Monday, November 7th. The shares were acquired at an average cost 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 approximately $652,228.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Nuveen Fund Advisors LLC bought a new stake in shares of Horizon Technology Finance Corp. during the second quarter valued at approximately $207,000. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $334,000 after buying an additional 15,464 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of 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 valued at $881,000 after buying an additional 25,181 shares during the last quarter. Institutional investors and hedge funds 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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