Horizon Technology Finance Corporation (HRZN) Getting Favorable Press Coverage, Accern Reports
Headlines about Horizon Technology Finance Corporation (NASDAQ:HRZN) have trended positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Horizon Technology Finance Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 45.3053492975202 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Horizon Technology Finance Corporation (HRZN) opened at 10.90 on Wednesday. The stock’s 50 day moving average price is $10.58 and its 200-day moving average price is $11.06. Horizon Technology Finance Corporation has a 12 month low of $9.64 and a 12 month high of $13.79.
Horizon Technology Finance Corporation (NASDAQ:HRZN) last issued its quarterly earnings results on Tuesday, August 1st. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $5.88 million during the quarter, compared to analyst estimates of $6.71 million. Horizon Technology Finance Corporation had a negative net margin of 6.72% and a positive return on equity of 10.24%. The business’s revenue for the quarter was down 35.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. On average, equities research analysts expect that Horizon Technology Finance Corporation will post $1.09 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date of this dividend is Wednesday, October 18th. Horizon Technology Finance Corporation’s dividend payout ratio is currently -749.95%.
Several research firms have recently commented on HRZN. UBS AG lowered Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price objective on shares of Horizon Technology Finance Corporation in a report on Tuesday, July 25th. Compass Point reaffirmed a “sell” rating and set a $10.00 price target on shares of Horizon Technology Finance Corporation in a research note on Thursday, July 6th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Horizon Technology Finance Corporation in a research note on Thursday, August 3rd. Finally, National Securities reaffirmed a “neutral” rating and set a $10.00 price target (down from $11.00) on shares of Horizon Technology Finance Corporation in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $11.20.
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Horizon Technology Finance Corporation Company Profile
Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating 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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