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NASDAQ:HRZN - Horizon Technology Finance Stock Price, Forecast & News

$12.39
0.00 (0.00 %)
(As of 12/8/2019 10:44 AM ET)
Today's Range
$12.35
Now: $12.39
$12.44
50-Day Range
$11.94
MA: $12.39
$12.78
52-Week Range
$10.30
Now: $12.39
$13.48
Volume81,322 shs
Average Volume90,256 shs
Market Capitalization$180.52 million
P/E Ratio10.33
Dividend Yield9.69%
Beta0.67
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, and cleantech industries. It seeks to invest in companies in the United States.

Industry, Sector and Symbol

Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:HRZN
CUSIP44045A10
Phone860-676-8654

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$31.09 million
Cash Flow$1.25 per share
Book Value$11.64 per share

Profitability

Net Income$13.01 million

Miscellaneous

EmployeesN/A
Market Cap$180.52 million
Next Earnings Date3/3/2020 (Estimated)
OptionableOptionable

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Horizon Technology Finance (NASDAQ:HRZN) Frequently Asked Questions

What is Horizon Technology Finance's stock symbol?

Horizon Technology Finance trades on the NASDAQ under the ticker symbol "HRZN."

How often does Horizon Technology Finance pay dividends? What is the dividend yield for Horizon Technology Finance?

Horizon Technology Finance announced a dividend on Tuesday, July 30th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.10 per share on Monday, December 16th. The ex-dividend date is Monday, November 18th. View Horizon Technology Finance's Dividend History.

How were Horizon Technology Finance's earnings last quarter?

Horizon Technology Finance Corp (NASDAQ:HRZN) posted its quarterly earnings data on Tuesday, October, 29th. The investment management company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.31 by $0.12. The investment management company earned $11.38 million during the quarter. Horizon Technology Finance had a return on equity of 11.68% and a net margin of 41.04%. View Horizon Technology Finance's Earnings History.

When is Horizon Technology Finance's next earnings date?

Horizon Technology Finance is scheduled to release their next quarterly earnings announcement on Tuesday, March 3rd 2020. View Earnings Estimates for Horizon Technology Finance.

What price target have analysts set for HRZN?

3 Wall Street analysts have issued 1 year price targets for Horizon Technology Finance's stock. Their forecasts range from $11.00 to $13.00. On average, they expect Horizon Technology Finance's stock price to reach $12.00 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets for Horizon Technology Finance.

What is the consensus analysts' recommendation for Horizon Technology Finance?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Technology Finance in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Horizon Technology Finance.

What are Wall Street analysts saying about Horizon Technology Finance stock?

Here are some recent quotes from research analysts about Horizon Technology Finance stock:
  • 1. Maxim Group analysts commented, "HRZN’s 2Q19 NII was $0.37 per share (helped by higher income related to liquidity events and waiver of some incentive fees) versus its dividend of $0.30. With a fifth consecutive quarter of portfolio growth (up 3.2% linked-quarter) and a strong pipeline of unfunded loan approvals (similar to 1Q19), HRZN is well-positioned to consistently cover its dividend with NII, in our view. We are maintaining our price target at $13, which equates to 1.12x NAV (previously 1.13x), inline with other high-quality BDCs." (8/6/2019)
  • 2. National Securities analysts commented, " Horizon posted NII/share of $0.28 for 1Q19, below our estimate and the quarterly dividend of $0.30/share. Total repayments dipped to $18.6mm on the quarter compared with $37.9mm Q/Q which caused a drop in prepayment income, although increases in other fee income provided somewhat of an offset to this.
     We note that Horizon had one loan of $15mm close on 3/31/19 and another $15mm loan close on 4/1/19. This interest income was obviously not recorded for the 3/31/19 quarter and will contribute to revenue fully for 2Q19. Additionally, Horizon has had quite a busy 6/30/19 quarter thus far. Including the 4/1/19 $15mm loan, the company closed on $72mm of new approvals and commitments. We think this portends stronger origination volume in 2Q19 and increased interest income.
     The company had an onboarding yield of 11.9% versus a weighted average debt investment yield of 14.4%, with the delta being prepayment fees and other accelerated income. Last quarter, HRZN had a 12.1% onboarding yield for the quarter compared to a total weighted average debt yield of 16.7%. We note that lower weighted average debt yield is likely due to much lower prepayment fees and accelerated income that varies based upon prepayment activity.
     Asset quality remains strong with no non-accruals since 4Q17. Origination volume has been robust and the company will also likely continue to grow its SLF which should be a tailwind for effective yield. However, given Horizon is a small venture lender we think it’s appropriate to apply a discount to NAV/share and thus we are maintaining our NEUTRAL rating. We are revising our 2019 NII/share estimate to $1.24 from $1.30 and our 2020 NII/share estimate to $1.32 from $1.33." (5/2/2019)
  • 3. According to Zacks Investment Research, "Horizon Technology Finance Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company makes secured loans to development-stage companies in the technology, life science, healthcare information and services, and cleantech industries. Horizon Technology Finance Corporation is headquartered in Farmington, United States of America. " (1/2/2019)

Has Horizon Technology Finance been receiving favorable news coverage?

Media coverage about HRZN stock has been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Horizon Technology Finance earned a news sentiment score of -5.0 on InfoTrie's scale. They also gave headlines about the investment management company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Horizon Technology Finance.

Who are some of Horizon Technology Finance's key competitors?

What other stocks do shareholders of Horizon Technology Finance own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Horizon Technology Finance investors own include Energy Transfer LP Unit (ET), Prospect Capital (PSEC), AGNC Investment (AGNC), Ares Capital (ARCC), ANNALY CAP MGMT/SH (NLY), AT&T (T), Capitala Finance (CPTA), Ford Motor (F), New Residential Investment (NRZ) and Triplepoint Venture Growth BDC (TPVG).

Who are Horizon Technology Finance's key executives?

Horizon Technology Finance's management team includes the folowing people:
  • Mr. Robert D. Pomeroy Jr., Chairman & CEO (Age 68)
  • Mr. Gerald A. Michaud, Pres & Director (Age 67)
  • Mr. Daniel R. Trolio CPA, Sr. VP & CFO (Age 46)
  • Mr. Daniel S. Devorsetz C.F.A., CFA, Sr. VP & Chief Investment Officer (Age 49)
  • Ms. Leon Berman, Investor Relations Contact, The IGB Group

Who are Horizon Technology Finance's major shareholders?

Horizon Technology Finance's stock is owned by a number of of institutional and retail investors. Top institutional investors include Advantage Investment Management LLC (0.15%), Eqis Capital Management Inc. (0.10%), Squarepoint Ops LLC (0.10%) and Millennium Management LLC (0.07%). Company insiders that own Horizon Technology Finance stock include Elaine A Sarsynski, Gerald A Michaud, Joseph J Savage and Robert D Jr Pomeroy. View Institutional Ownership Trends for Horizon Technology Finance.

Which institutional investors are selling Horizon Technology Finance stock?

HRZN stock was sold by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC. View Insider Buying and Selling for Horizon Technology Finance.

Which institutional investors are buying Horizon Technology Finance stock?

HRZN stock was bought by a variety of institutional investors in the last quarter, including Advantage Investment Management LLC, Eqis Capital Management Inc. and Millennium Management LLC. Company insiders that have bought Horizon Technology Finance stock in the last two years include Elaine A Sarsynski, Gerald A Michaud, Joseph J Savage and Robert D Jr Pomeroy. View Insider Buying and Selling for Horizon Technology Finance.

How do I buy shares of Horizon Technology Finance?

Shares of HRZN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Horizon Technology Finance's stock price today?

One share of HRZN stock can currently be purchased for approximately $12.39.

How big of a company is Horizon Technology Finance?

Horizon Technology Finance has a market capitalization of $180.52 million and generates $31.09 million in revenue each year. The investment management company earns $13.01 million in net income (profit) each year or $1.20 on an earnings per share basis. View Additional Information About Horizon Technology Finance.

What is Horizon Technology Finance's official website?

The official website for Horizon Technology Finance is http://www.horizontechfinance.com/.

How can I contact Horizon Technology Finance?

Horizon Technology Finance's mailing address is 312 FARMINGTON AVENUE, FARMINGTON CT, 06032. The investment management company can be reached via phone at 860-676-8654.


MarketBeat Community Rating for Horizon Technology Finance (NASDAQ HRZN)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  254 (Vote Outperform)
Underperform Votes:  354 (Vote Underperform)
Total Votes:  608
MarketBeat's community ratings are surveys of what our community members think about Horizon Technology Finance and other stocks. Vote "Outperform" if you believe HRZN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HRZN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/8/2019 by MarketBeat.com Staff

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