B. Riley Issues Optimistic Outlook for HRZN Earnings

Key Points

• B. Riley has raised its Q3 2025 earnings per share (EPS) estimate for Horizon Technology Finance to $0.28, up from a previous estimate of $0.27, while maintaining a "Hold" rating on the stock.
• Horizon Technology Finance declared a monthly dividend of $0.11 per share, payable on December 16th, representing an annualized yield of 18.4%.
• Market analysts have mixed ratings on the stock, with three analysts giving sell ratings, two holding, and one issuing a buy rating, resulting in a consensus price target of $7.30.

Horizon Technology Finance Corporation (NASDAQ:HRZN - Free Report) - Stock analysts at B. Riley lifted their Q3 2025 earnings estimates for Horizon Technology Finance in a note issued to investors on Tuesday, August 12th. B. Riley analyst S. Adams now expects that the investment management company will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.27. B. Riley has a "Hold" rating on the stock. The consensus estimate for Horizon Technology Finance's current full-year earnings is $1.38 per share. B. Riley also issued estimates for Horizon Technology Finance's Q4 2025 earnings at $0.30 EPS, FY2025 earnings at $1.12 EPS, Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $0.99 EPS.

HRZN has been the topic of a number of other reports. Compass Point cut Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price objective on the stock. in a research note on Wednesday, April 30th. UBS Group lifted their target price on shares of Horizon Technology Finance from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Maxim Group dropped their price target on shares of Horizon Technology Finance from $10.00 to $7.50 and set a "buy" rating on the stock in a research note on Monday, August 11th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.30.

Horizon Technology Finance Trading Down 1.1%

Shares of HRZN stock traded down $0.08 on Thursday, hitting $7.06. 1,111,653 shares of the stock were exchanged, compared to its average volume of 566,070. The firm's 50 day moving average is $7.65 and its two-hundred day moving average is $8.29. Horizon Technology Finance has a one year low of $6.77 and a one year high of $11.29. The firm has a market capitalization of $300.40 million, a PE ratio of -6.14 and a beta of 0.99.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its earnings results on Thursday, August 7th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of ($9.89) million during the quarter, compared to the consensus estimate of $24.54 million. Horizon Technology Finance had a positive return on equity of 14.02% and a negative net margin of 48.76%.

Horizon Technology Finance Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, November 17th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 18.7%. Horizon Technology Finance's dividend payout ratio is currently -114.78%.

Institutional Investors Weigh In On Horizon Technology Finance

A number of institutional investors and hedge funds have recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new position in Horizon Technology Finance during the first quarter valued at approximately $36,000. Tower Research Capital LLC TRC bought a new position in Horizon Technology Finance in the 2nd quarter valued at $60,000. Allworth Financial LP purchased a new position in shares of Horizon Technology Finance during the 2nd quarter valued at $73,000. Y Intercept Hong Kong Ltd bought a new position in shares of Horizon Technology Finance in the second quarter worth $77,000. Finally, Marshall Wace LLP purchased a new stake in shares of Horizon Technology Finance in the second quarter worth $103,000. 4.94% of the stock is owned by hedge funds and other institutional investors.

About Horizon Technology Finance

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.