Horizon Technology Finance (HRZN) Scheduled to Post Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Horizon Technology Finance to post earnings of $0.36 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The business had revenue of $28.18 million for the quarter, compared to analyst estimates of $29.21 million. Horizon Technology Finance had a positive return on equity of 18.24% and a negative net margin of 15.14%. On average, analysts expect Horizon Technology Finance to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Horizon Technology Finance Stock Performance

Shares of HRZN traded up $0.25 during mid-day trading on Tuesday, hitting $11.68. 228,506 shares of the company's stock were exchanged, compared to its average volume of 277,954. The company has a market cap of $390.11 million, a price-to-earnings ratio of -23.84 and a beta of 1.21. Horizon Technology Finance has a fifty-two week low of $10.75 and a fifty-two week high of $13.73. The stock's 50-day moving average is $11.80 and its 200-day moving average is $12.33.

Horizon Technology Finance Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 16th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.16 per share. This represents a dividend yield of 16.48%. The ex-dividend date was Monday, March 18th. This is a boost from Horizon Technology Finance's previous dividend of $0.11. Horizon Technology Finance's dividend payout ratio is currently -269.38%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HRZN shares. UBS Group reduced their price target on shares of Horizon Technology Finance from $11.50 to $10.50 and set a "neutral" rating on the stock in a research report on Monday, March 18th. LADENBURG THALM/SH SH restated a "neutral" rating on shares of Horizon Technology Finance in a research note on Wednesday, February 28th. Oppenheimer cut their target price on shares of Horizon Technology Finance from $11.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, March 1st. Finally, B. Riley lowered shares of Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $11.00 target price on the stock. in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, Horizon Technology Finance has an average rating of "Hold" and a consensus price target of $10.38.

Insider Buying and Selling at Horizon Technology Finance

In related news, President Gerald A. Michaud purchased 3,650 shares of the company's stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $11.77 per share, for a total transaction of $42,960.50. Following the completion of the purchase, the president now directly owns 156,244 shares of the company's stock, valued at approximately $1,838,991.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

Horizon Technology Finance Company Profile

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.