Horizon Technology Finance Corporation (HRZN) To Go Ex-Dividend on March 16th

Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Friday, February 27th. Stockholders of record on Monday, March 16th will be given a dividend of 0.06 per share by the investment management company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 17.6%. The ex-dividend date of this dividend is Monday, March 16th.

Horizon Technology Finance has increased its dividend by an average of 0.0%annually over the last three years. Horizon Technology Finance has a dividend payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Horizon Technology Finance to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 57.1%.

Horizon Technology Finance Price Performance

Shares of HRZN traded down $0.22 during trading hours on Friday, hitting $4.10. The stock had a trading volume of 1,391,530 shares, compared to its average volume of 1,514,465. Horizon Technology Finance has a 1-year low of $3.97 and a 1-year high of $9.52. The firm has a market capitalization of $196.02 million, a P/E ratio of -25.63 and a beta of 0.97. The firm has a 50 day simple moving average of $6.19 and a 200-day simple moving average of $6.38.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, March 3rd. The investment management company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The firm had revenue of $0.58 million for the quarter, compared to analyst estimates of $25.64 million. Horizon Technology Finance had a positive return on equity of 14.52% and a negative net margin of 2.77%. Equities analysts predict that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.

Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.