Horizon Technology Finance Corporation to Issue Monthly Dividend of $0.06 (NASDAQ:HRZN)

Key Points

• Horizon Technology Finance announced a monthly dividend of $0.06 (annualized $0.72) to holders of record on June 17, payable July 15, reflecting a 16.6% yield.
• The dividend is currently covered with a payout ratio of 62.6%, and analysts forecast next-year EPS of $0.81, implying a projected payout ratio of about 88.9%; the most recent quarter reported EPS of $0.19 in line with estimates.
• Shares trade near $4.33 with a market capitalization of roughly $207 million, a 12‑month range of $3.80–$8.46, and institutional ownership around 4.94%.

Horizon Technology Finance Corporation (NASDAQ:HRZN - Get Free Report) announced a monthly dividend on Tuesday, May 5th. Investors of record on Wednesday, June 17th will be given a dividend of 0.06 per share by the investment management company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 16.6%. The ex-dividend date is Wednesday, June 17th.

Horizon Technology Finance has increased its dividend by an average of 0.0%per year over the last three years. Horizon Technology Finance has a payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Horizon Technology Finance to earn $0.81 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 88.9%.

Horizon Technology Finance Trading Up 2.4%

Shares of Horizon Technology Finance stock opened at $4.33 on Wednesday. Horizon Technology Finance has a twelve month low of $3.80 and a twelve month high of $8.46. The stock has a market capitalization of $207.02 million, a P/E ratio of -27.00 and a beta of 0.99. The business's fifty day moving average price is $4.55 and its 200 day moving average price is $5.82.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The investment management company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of ($6.19) million during the quarter, compared to analyst estimates of $21.09 million. Horizon Technology Finance had a positive return on equity of 14.52% and a negative net margin of 2.77%. As a group, sell-side analysts predict that Horizon Technology Finance will post 0.78 EPS for the current year.

Institutional Trading of Horizon Technology Finance

Large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Horizon Technology Finance during the first quarter worth $50,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Horizon Technology Finance during the 1st quarter valued at $52,000. Quadrature Capital Ltd purchased a new stake in Horizon Technology Finance during the 4th quarter worth $365,000. Schonfeld Strategic Advisors LLC acquired a new position in Horizon Technology Finance in the 4th quarter worth $187,000. Finally, Regal Investment Advisors LLC acquired a new position in Horizon Technology Finance in the 4th quarter worth $316,000. Institutional investors and hedge funds own 4.94% of the company's stock.

About Horizon Technology Finance

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.

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