Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) - Analysts at B. Riley dropped their Q2 2024 earnings per share (EPS) estimates for shares of Horizon Technology Finance in a research note issued to investors on Thursday, May 2nd. B. Riley analyst B. Rowe now expects that the investment management company will earn $0.30 per share for the quarter, down from their previous forecast of $0.33. B. Riley has a "Sell" rating and a $11.00 price objective on the stock. The consensus estimate for Horizon Technology Finance's current full-year earnings is $1.53 per share. B. Riley also issued estimates for Horizon Technology Finance's Q4 2024 earnings at $0.33 EPS and FY2024 earnings at $1.40 EPS.
Several other brokerages have also recently issued reports on HRZN. UBS Group decreased their price objective on Horizon Technology Finance from $11.50 to $10.50 and set a "neutral" rating on the stock in a report on Monday, March 18th. Oppenheimer lowered their price objective on shares of Horizon Technology Finance from $11.00 to $10.00 and set a "market perform" rating for the company in a research report on Friday, March 1st. Finally, LADENBURG THALM/SH SH restated a "neutral" rating on shares of Horizon Technology Finance in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.38.
Get Our Latest Report on Horizon Technology Finance
Horizon Technology Finance Trading Up 0.2 %
Shares of NASDAQ:HRZN traded up $0.02 during mid-day trading on Friday, reaching $11.81. The stock had a trading volume of 224,095 shares, compared to its average volume of 272,494. The business's 50 day moving average price is $11.58 and its 200 day moving average price is $12.30. Horizon Technology Finance has a 1 year low of $10.75 and a 1 year high of $13.73. The company has a market cap of $413.60 million, a P/E ratio of -28.24 and a beta of 1.19.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). Horizon Technology Finance had a negative net margin of 12.40% and a positive return on equity of 17.98%. The company had revenue of $28.18 million during the quarter, compared to the consensus estimate of $29.21 million.
Horizon Technology Finance Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 17th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 11.18%. The ex-dividend date of this dividend is Wednesday, July 17th. Horizon Technology Finance's dividend payout ratio is currently -314.29%.
Insider Transactions at Horizon Technology Finance
In other Horizon Technology Finance news, President Gerald A. Michaud bought 3,650 shares of the company's stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $11.77 per share, for a total transaction of $42,960.50. Following the completion of the transaction, the president now directly owns 156,244 shares of the company's stock, valued at $1,838,991.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Connecticut Wealth Management LLC purchased a new stake in Horizon Technology Finance in the 1st quarter valued at about $2,393,000. International Assets Investment Management LLC bought a new stake in Horizon Technology Finance during the 4th quarter valued at $954,000. PNC Financial Services Group Inc. purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter worth $755,000. Quadrature Capital Ltd bought a new position in shares of Horizon Technology Finance during the 3rd quarter worth $517,000. Finally, Virtus ETF Advisers LLC increased its stake in shares of Horizon Technology Finance by 136.4% during the third quarter. Virtus ETF Advisers LLC now owns 57,835 shares of the investment management company's stock valued at $687,000 after buying an additional 33,367 shares during the period. 4.94% of the stock is currently owned by institutional investors.
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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