Wall Street analysts expect Horizon Technology Finance Corp (NASDAQ:HRZN) to announce $0.26 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Horizon Technology Finance’s earnings, with estimates ranging from $0.24 to $0.27. Horizon Technology Finance reported earnings per share of $0.33 in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.2%. The company is scheduled to announce its next quarterly earnings report on Tuesday, March 6th.

On average, analysts expect that Horizon Technology Finance will report full year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.10 to $1.13. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $0.94 to $1.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Horizon Technology Finance.

Several research firms have issued reports on HRZN. Wells Fargo & Co cut Horizon Technology Finance from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 9th. ValuEngine upgraded Horizon Technology Finance from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Zacks Investment Research upgraded Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet upgraded Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, Raymond James Financial upgraded Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Three 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 has a consensus rating of “Hold” and a consensus price target of $10.75.

Several hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Horizon Technology Finance by 8.4% in the third quarter. Advisors Asset Management Inc. now owns 349,600 shares of the investment management company’s stock valued at $3,884,000 after buying an additional 27,218 shares in the last quarter. Shelton Capital Management increased its position in shares of Horizon Technology Finance by 59.1% in the fourth quarter. Shelton Capital Management now owns 35,000 shares of the investment management company’s stock valued at $393,000 after buying an additional 13,000 shares in the last quarter. WFG Advisors LP increased its position in shares of Horizon Technology Finance by 30.8% in the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock valued at $283,000 after buying an additional 5,878 shares in the last quarter. Kovack Advisors Inc. purchased a new position in shares of Horizon Technology Finance in the fourth quarter valued at $260,000. Finally, Royal Bank of Canada increased its position in shares of Horizon Technology Finance by 25.8% in the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock valued at $235,000 after buying an additional 4,252 shares in the last quarter. Institutional investors and hedge funds own 17.26% of the company’s stock.

Shares of Horizon Technology Finance (NASDAQ HRZN) traded up $0.21 during midday trading on Friday, hitting $11.23. The company had a trading volume of 35,000 shares, compared to its average volume of 79,890. The firm has a market capitalization of $128.77, a P/E ratio of 19.61 and a beta of 0.81. Horizon Technology Finance has a 52-week low of $9.66 and a 52-week high of $11.88.

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Horizon Technology Finance 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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