Horizon Technology Finance Corporation Company Profile (NASDAQ:HRZN)

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

Horizon Technology Finance Corporation announced a monthly dividend on Wednesday, August 2nd. Stockholders 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 dividend yield of 10.90%. The ex-dividend date is Wednesday, October 18th. View Horizon Technology Finance Corporation's Dividend History.

Horizon Technology Finance Corporation (NASDAQ:HRZN) released its earnings results on Tuesday, August, 1st. The company reported $0.24 EPS for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.03. The firm had revenue of $5.88 million for the quarter, compared to the consensus estimate of $6.71 million. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. Horizon Technology Finance Corporation's quarterly revenue was down 35.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. View Horizon Technology Finance Corporation's Earnings History.

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.

5 equities research analysts have issued 12-month price objectives for Horizon Technology Finance Corporation's stock. Their predictions 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.

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)

Some companies that are related to Horizon Technology Finance Corporation include Gladstone Capital Corporation (GLAD), Stellus Capital Investment Corporation (SCM), OFS Capital Corporation (OFS), Alcentra Capital Corp. (ABDC), Capitala Finance Corp. (CPTA), StoneCastle Financial Corp (BANX), GSV Capital Corp (GSVC), KCAP Financial (KCAP), American Capital Senior Floating (ACSF), Harvest Capital Credit Corporation (HCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Andalas Energy and Power PLC (CEB), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA), Blackrock Taxable Municipal Bond Trust (BBN), Carador Income Fund PLC (CIFU) and Center Coast MLP & Infrastructure Fund (CEN).

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

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.

One share of Horizon Technology Finance Corporation stock can currently be purchased for approximately $11.01.