Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) issued its earnings results on Tuesday. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06), Zacks reports. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%.
Horizon Technology Finance Stock Performance
HRZN stock traded up $0.16 during midday trading on Tuesday, reaching $8.94. The stock had a trading volume of 844,677 shares, compared to its average volume of 355,324. The firm has a fifty day simple moving average of $8.98 and a two-hundred day simple moving average of $9.26. The stock has a market cap of $360.57 million, a PE ratio of -74.50 and a beta of 1.08. Horizon Technology Finance has a 52-week low of $7.55 and a 52-week high of $12.63.
Horizon Technology Finance Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be given a $0.11 dividend. This represents a dividend yield of 16.34%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance's payout ratio is -1,100.00%.
Analysts Set New Price Targets
HRZN has been the subject of several recent research reports. UBS Group reduced their price target on Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating for the company in a research report on Thursday, April 17th. StockNews.com lowered Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Maxim Group reduced their price target on Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Finally, Keefe, Bruyette & Woods reduced their target price on Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Horizon Technology Finance currently has an average rating of "Hold" and a consensus target price of $9.20.
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About Horizon Technology Finance
(
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Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.
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