Horizon Technology Finance (HRZN) Earning Somewhat Favorable Media Coverage, Report Finds
Headlines about Horizon Technology Finance (NASDAQ:HRZN) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Horizon Technology Finance earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.5931603735243 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Horizon Technology Finance Corporation (HRZN) Ex-Dividend Date Scheduled for December 19, 2017 – Nasdaq (nasdaq.com)
- Horizon Tech stakes $15M in nasal-device maker (hartfordbusiness.com)
- Aerin Medical Closes $15m Venture Loan Facility (finsmes.com)
- Horizon Technology Finance Provides $15 Million Venture Loan … – PR Newswire (press release) (prnewswire.com)
- Horizon Technology Finance Provides $15 Million Venture Loan Facility to Aerin Medical (finance.yahoo.com)
A number of research analysts recently issued reports on the stock. National Securities downgraded shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $10.00 target price on the stock. in a research report on Tuesday, October 17th. ValuEngine upgraded shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. TheStreet upgraded shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, Raymond James Financial upgraded shares of Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Horizon Technology Finance currently has an average rating of “Hold” and an average price target of $10.75.
Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, October 31st. The investment management company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Horizon Technology Finance had a net margin of 24.46% and a return on equity of 9.96%. The firm had revenue of $6.77 million for the quarter, compared to the consensus estimate of $6.39 million. equities research analysts forecast that Horizon Technology Finance will post 1.12 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, January 19th. This represents a $1.20 annualized dividend and a yield of 10.81%. Horizon Technology Finance’s payout ratio is 210.53%.
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About Horizon Technology Finance
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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