Horizon Technology Finance Corporation Company Profile (NASDAQ:HRZN)

About Horizon Technology Finance Corporation (NASDAQ:HRZN)

Horizon Technology Finance Corporation logoHorizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to maximize investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries (collectively Target Industries). It is focused on making secured debt investments (Venture Loans) to venture capital backed companies in its Target Industries. As of December 31, 2016, its debt investment portfolio consisted of 44 debt investments. As of December 31, 2016, the Company held warrants to purchase stock, predominantly preferred stock, in 78 portfolio companies, equity positions in five portfolio companies and success fee arrangements in 11 portfolio companies.

Industry, Sector and Symbol: Average Prices:
  • 50 Day Moving Avg: $11.00
  • 200 Day Moving Avg: $11.12
  • 52 Week Range: $9.64 - $13.70
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 9.58
  • P/E Growth: 2.02
Dividend:
  • Annual Dividend: $1.20
  • Dividend Yield: 11.1%
Profitability:
  • Net Margins: -6.72%
  • Return on Equity: 10.24%
  • Return on Assets: 6.29%
Debt:
  • Current Ratio: 0.27%
  • Quick Ratio: 0.27%
Misc:
  • Average Volume: 55,268 shs.
  • Beta: 0.85
 

Frequently Asked Questions for Horizon Technology Finance Corporation (NASDAQ:HRZN)

What is Horizon Technology Finance Corporation's stock symbol?

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

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

Horizon Technology Finance Corporation declared a monthly dividend on Wednesday, August 2nd. Shareholders of record on Thursday, October 19th will be given a dividend of $0.10 per share on Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date is Wednesday, October 18th. View Horizon Technology Finance Corporation's Dividend History.

How were Horizon Technology Finance Corporation's earnings last quarter?

Horizon Technology Finance Corporation (NASDAQ:HRZN) issued its earnings results on Tuesday, August, 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.27 by $0.03. The company had revenue of $5.88 million for the quarter, compared to analyst estimates of $6.71 million. Horizon Technology Finance Corporation had a negative net margin of 6.72% and a positive return on equity of 10.24%. The business's revenue was down 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. View Horizon Technology Finance Corporation's Earnings History.

When will Horizon Technology Finance Corporation make its next earnings announcement?

Horizon Technology Finance Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Horizon Technology Finance Corporation.

Where is Horizon Technology Finance Corporation's stock going? Where will Horizon Technology Finance Corporation's stock price be in 2017?

5 equities research analysts have issued 1-year price targets for Horizon Technology Finance Corporation's stock. Their forecasts range from $10.00 to $12.00. On average, they expect Horizon Technology Finance Corporation's share price to reach $10.75 in the next twelve months. View Analyst Ratings for Horizon Technology Finance Corporation.

What are analysts saying about Horizon Technology Finance Corporation stock?

Here are some recent quotes from research analysts about Horizon Technology Finance Corporation stock:

  • 1. National Securities analysts commented, "• HRZN trades at a modest 3% discount to NAV/share despite having non-accruals at cost totaling $16.0 million or 8.4% of the portfolio. NAV/share has continued its stead decline, a decline we expect to continue through 1Q18 before we expect some modest improvement.
    • We note that while HRZN’s origination platform has improved in terms of its origination volume, we expect that prepayments will continue to remain heavy and likely remain just ahead of origination volume we forecast. The result of this is that balance sheet leverage will remain far lower than we think many anticipate; which would further hinder NII/share growth at the company even assuming no further credit issues. An additional headwind on NII/share growth will be the resumption of the incentive fee earned in full that we model will occur in 2Q18.
    • During 2Q18, we expect the quarterly dividend to be cut again substantially to $0.24/share from $0.30/share currently.
    • We are maintaining both our 2017 NII/share estimate of $1.04 and our 2018 NII/share estimate of $1.05. " (10/17/2017)
  • 2. 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. " (10/4/2017)
  • 3. Maxim Group analysts commented, "We upgrade HRZN to Buy, from Hold, mainly based on: (1) the hiring of three senior professionals focused on originating technology and life sciences loans; (2) a pipeline of loan commitments larger than at any time in the past five years; (3) producing expectations of a larger loan portfolio; and (4) coverage of the dividend in 2018." (8/23/2017)

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

Who are Horizon Technology Finance Corporation's key executives?

Horizon Technology Finance Corporation's management team includes the folowing people:

  • Robert D. Pomeroy Jr., Chairman of the Board, Chief Executive Officer
  • Gerald A. Michaud, President, Director
  • Daniel R. Trolio, Chief Financial Officer, Senior Vice President
  • John C. Bombara, Senior Vice President, General Counsel, Chief Compliance Officer and Secretary
  • Dan S. Devorsetz, Senior Vice President, Chief Credit Officer
  • James J. Bottiglieri, Independent Director
  • Edmund V. Mahoney, Independent Director
  • Elaine A. Sarsynski, Independent Director
  • Joseph J. Savage, Independent Director

How do I buy Horizon Technology Finance Corporation stock?

Shares of Horizon Technology Finance Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Horizon Technology Finance Corporation's stock price today?

One share of Horizon Technology Finance Corporation stock can currently be purchased for approximately $10.83.


MarketBeat Community Rating for Horizon Technology Finance Corporation (NASDAQ HRZN)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  143 (Vote Outperform)
Underperform Votes:  188 (Vote Underperform)
Total Votes:  331
MarketBeat's community ratings are surveys of what our community members think about Horizon Technology Finance Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Horizon Technology Finance Corporation (NASDAQ:HRZN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.80)
Consensus Price Target: $10.75 (0.74% downside)
Consensus Price Target History for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Price Target History for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Analysts' Ratings History for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017National SecuritiesDowngradeNeutral -> Sell$10.00N/AView Rating Details
8/23/2017Maxim GroupUpgradeHold -> Buy$12.00MediumView Rating Details
8/21/2017Compass PointUpgradeSell -> Neutral$10.00LowView Rating Details
8/3/2017Raymond James Financial, Inc.Reiterated RatingMarket Perform -> UnderperformMediumView Rating Details
7/25/2017Keefe, Bruyette & WoodsReiterated RatingHold$11.00LowView Rating Details
8/4/2016Oppenheimer Holdings, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
8/4/2016Citigroup Inc.DowngradeMarket Perform$14.00N/AView Rating Details
3/2/2016Barrington ResearchUpgradeMarket Perform -> Outperform$15.00N/AView Rating Details
11/12/2015Ladenburg Thalmann Financial ServicesReiterated RatingBuy$13.50N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Earnings by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Earnings History by Quarter for Horizon Technology Finance Corporation (NASDAQ HRZN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.28N/AView Earnings Details
8/1/2017Q2 2017$0.27$0.24$6.71 million$5.88 millionViewListenView Earnings Details
5/2/2017Q1 2017$0.31$0.29$6.90 million$6.96 millionViewListenView Earnings Details
3/7/2017Q4 2016$0.31$0.33$7.36 million$7.00 millionViewListenView Earnings Details
11/1/2016Q3$0.35$0.38$8.34 million$7.61 millionViewListenView Earnings Details
8/2/2016Q2$0.34$0.39$8.69 million$9.09 millionViewListenView Earnings Details
5/3/2016Q1$0.35$0.38$8.62 million$9.30 millionViewListenView Earnings Details
3/8/2016Q4$0.35$0.35$8.88 million$8.56 millionViewN/AView Earnings Details
11/3/2015Q315$0.32$0.35$8.18 million$8.43 millionViewN/AView Earnings Details
8/4/2015Q215$0.28$0.25$7.57 million$6.86 millionViewN/AView Earnings Details
5/5/2015Q115$0.33$0.30$7.13 million$7.27 millionViewN/AView Earnings Details
3/10/2015Q414$0.33$0.33$7.22 million$7.30 millionViewN/AView Earnings Details
11/4/2014Q314$0.32$0.33$7.65 million$7.73 millionViewN/AView Earnings Details
8/5/2014Q214$0.27$0.19$8.07 million$8.69 millionViewN/AView Earnings Details
5/6/2014Q1 2014$0.25$0.26$7.79 million$7.53 millionViewN/AView Earnings Details
3/11/2014$0.36$0.35$7.91 million$8.78 millionViewN/AView Earnings Details
11/5/2013Q313$0.35$0.36$7.94 million$8.71 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.36$0.38$7.60 millionViewN/AView Earnings Details
3/12/2013Q4 2012$0.35$0.36$7.27 million$7.94 millionViewN/AView Earnings Details
11/6/2012Q312$0.35$0.33$6.90 million$6.62 millionViewN/AView Earnings Details
8/7/2012$0.33$0.30ViewN/AView Earnings Details
3/12/2012$0.38$0.44ViewN/AView Earnings Details
11/8/2011$0.39$0.39ViewN/AView Earnings Details
3/15/2011$0.31$0.18ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Horizon Technology Finance Corporation (NASDAQ:HRZN)
2017 EPS Consensus Estimate: $1.07
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.28$0.28$0.28
Q2 20171$0.26$0.26$0.26
Q3 20171$0.26$0.26$0.26
Q4 20171$0.27$0.27$0.27
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Next Dividend:11/15/2017
Annual Dividend:$1.20
Dividend Yield:11.08%
Payout Ratio:-749.95% (Trailing 12 Months of Earnings)
109.09% (Based on This Year's Estimates)
106.19% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)

Dividend History by Quarter for Horizon Technology Finance Corporation (NASDAQ HRZN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/2/2017monthly$0.1010.9%10/18/201710/19/201711/15/2017
8/2/2017monthly$0.1010.9%11/17/201711/20/201712/15/2017
8/2/2017monthly$0.1010.9%9/19/20179/20/201710/16/2017
5/4/2017monthly$0.1010.83%6/16/20176/20/20177/14/2017
5/4/2017monthly$0.1010.83%8/16/20178/18/20179/15/2017
5/4/2017monthly$0.1010.83%7/18/20177/20/20178/15/2017
3/8/2017monthly$0.1011.96%3/16/20173/20/20174/18/2017
3/8/2017monthly$0.1011.96%5/17/20175/19/20176/15/2017
3/8/2017monthly$0.1011.96%4/19/20174/21/20175/16/2017
11/7/2016$0.102/17/20172/22/20173/15/2017
11/2/2016$0.101/17/20171/19/20172/15/2017
11/2/2016$0.1012/16/201612/20/20161/13/2017
8/8/2016Quarterly$0.1211/16/201611/18/201612/15/2016
8/3/2016Quarterly$0.1210/18/201610/20/201611/15/2016
8/3/2016Quarterly$0.129/16/20169/20/201610/17/2016
5/9/2016$0.128/17/20168/19/20169/15/2016
5/4/2016$0.127/18/20167/20/20168/15/2016
5/4/2016$0.126/16/20166/20/20167/15/2016
3/14/2016$0.125/17/20165/19/20166/15/2016
3/9/2016$0.124/18/20164/20/20165/16/2016
3/8/2016$0.123/16/20163/18/20164/15/2016
10/30/2015$0.122/18/20162/22/20163/15/2016
11/4/2015Quarterly$0.121/19/20161/21/20162/17/2016
11/4/2015Quarterly$0.1212/16/201512/18/20151/15/2016
8/10/2015Quarterly$0.1211/17/201511/19/201512/15/2015
8/4/2015$0.1210/16/201510/20/201511/16/2015
7/29/2015$0.129/16/20159/18/201510/15/2015
5/6/2015monthly$0.129.72%8/17/20158/19/20159/15/2015
5/6/2015monthly$0.129.72%7/16/20157/20/20158/14/2015
5/6/2015monthly$0.129.72%6/16/20156/18/20157/15/2015
3/11/2015monthly$0.129.86%5/18/20155/20/20156/15/2015
3/11/2015monthly$0.129.86%3/18/20153/20/20154/15/2015
3/11/2015monthly$0.129.86%4/16/20154/20/20155/15/2015
11/5/2014monthly$0.129.76%2/17/20152/19/20153/16/2015
11/5/2014monthly$0.129.76%1/15/20151/20/20152/13/2015
11/5/2014monthly$0.129.76%12/15/201412/17/20141/15/2015
8/6/2014monthly$0.1210.15%10/16/201410/20/201411/17/2014
8/6/2014monthly$0.1210.15%11/17/201411/19/201412/15/2014
8/6/2014monthly$0.1210.15%9/16/20149/18/201410/15/2014
5/7/2014monthly$0.1210.32%7/17/20147/21/20148/15/2014
5/7/2014monthly$0.1210.32%8/15/20148/19/20149/15/2014
5/7/2014monthly$0.1210.32%6/16/20146/18/20147/17/2014
3/12/2014monthly$0.1211.1%4/15/20144/17/20145/15/2014
3/12/2014monthly$0.1211.1%5/16/20145/20/20146/16/2014
3/11/2014apr 14$0.1211.1%3/17/20143/19/20144/15/2014
1/16/2014mar 14$0.122/5/20142/14/20143/17/2014
11/7/2013nov 13$0.1212/12/201312/16/20131/15/2014
11/6/2013monthly$0.010.99%2/12/20142/17/20143/17/2014
11/6/2013monthly$0.010.99%1/15/20141/20/20142/17/2014
11/6/2013monthly$0.010.99%12/12/201312/16/20131/15/2014
8/7/2013monthly$0.129.86%9/16/20139/18/201310/15/2013
8/7/2013monthly$0.129.86%11/15/201311/19/201312/16/2013
8/7/2013monthly$0.129.86%10/15/201310/17/201311/15/2013
5/8/2013monthly$0.129.4%7/15/20137/17/20138/15/2013
5/8/2013monthly$0.129.4%8/15/20138/19/20139/16/2013
5/8/2013monthly$0.129.4%6/18/20136/20/20137/15/2013
3/13/2013monthly$0.129.34%3/18/20133/20/20134/15/2013
3/13/2013monthly$0.129.34%4/16/20134/18/20135/15/2013
3/13/2013monthly$0.129.34%5/16/20135/20/20136/17/2013
1/15/2013jan 13$0.1212/18/201212/20/20121/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 18.15%
Insider Trades by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Institutional Ownership by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Insider Trades by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/22/2017Elaine A SarsynskiDirectorBuy2,000$11.21$22,420.00View SEC Filing  
5/8/2017Joseph J SavageDirectorBuy7,000$11.27$78,890.00View SEC Filing  
11/7/2016Robert D Jr. PomeroyCEOBuy4,225$10.50$44,362.50View SEC Filing  
9/19/2016Gerald A MichaudPresidentBuy225$13.42$3,019.50View SEC Filing  
3/23/2016Joseph J SavageDirectorBuy1,500$11.57$17,355.00View SEC Filing  
3/21/2016Gerald A MichaudPresidentBuy1,960$11.67$22,873.20View SEC Filing  
3/16/2016Robert D Jr. PomeroyCEOBuy2,000$11.50$23,000.00View SEC Filing  
12/21/2015Robert D Jr. PomeroyCEOBuy1,800$11.16$20,088.00View SEC Filing  
12/18/2015Gerald A MichaudPresidentBuy4,400$11.54$50,776.00View SEC Filing  
11/9/2015Gerald A MichaudPresidentBuy4,500$10.80$48,600.00View SEC Filing  
11/9/2015Robert D Jr. PomeroyCEOBuy5,000$10.86$54,300.00View SEC Filing  
8/25/2015Christopher M MathieuCFOBuy3,000$10.00$30,000.00View SEC Filing  
8/17/2015Gerald A MichaudPresidentBuy1,000$11.00$11,000.00View SEC Filing  
6/9/2015Robert D Jr. PomeroyCEOBuy2,000$13.54$27,080.00View SEC Filing  
3/31/2015Robert D Jr. PomeroyCEOBuy1,530$13.92$21,297.60View SEC Filing  
3/26/2015Christopher B WoodwardDirectorBuy1,000$13.67$13,670.00View SEC Filing  
3/24/2015Anholt Investments Ltd.Major ShareholderSell380,000$13.95$5,301,000.00View SEC Filing  
3/17/2014Gerald MichaudPresidentBuy1,900$12.86$24,434.00View SEC Filing  
3/17/2014Robert Jr. PomeroyCEOBuy1,500$12.86$19,290.00View SEC Filing  
11/13/2013Robert Jr. PomeroyCEOBuy4,000$14.07$56,280.00View SEC Filing  
11/11/2013Gerald MichaudPresidentBuy7,200$13.89$100,008.00View SEC Filing  
8/19/2013Gerald MichaudPresidentBuy1,100$13.63$14,993.00View SEC Filing  
8/16/2013Robert Jr. PomeroyCEOBuy1,000$13.60$13,600.00View SEC Filing  
12/5/2012Gerald A MichaudPresidentBuy1,090$13.86$15,107.40View SEC Filing  
12/4/2012Christopher M MathieuCFOBuy1,000$13.99$13,990.00View SEC Filing  
12/4/2012David P SwansonDirectorBuy2,000$13.99$27,980.00View SEC Filing  
9/12/2012Christopher M MathieuCFOBuy1,000$15.96$15,960.00View SEC Filing  
8/29/2012David P SwansonDirectorBuy2,000$16.50$33,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Horizon Technology Finance Corporation (NASDAQ:HRZN)
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Horizon Technology Finance Corporation (HRZN) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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