NASDAQ:HRZNHorizon Technology Finance Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Horizon Technology Finance Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $11.25 +0.36 (+3.31 %) (As of 06/1/2020 12:44 PM ET) Add Compare Share Today's Range$10.89Now: $11.25▼$11.2550-Day Range$8.41MA: $9.56▼$11.1852-Week Range$4.51Now: $11.25▼$13.78Volume5,708 shsAverage Volume164,222 shsMarket Capitalization$189.68 millionP/E Ratio9.96Dividend Yield11.02%Beta1.1 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 1.2 Analyst's Opinion Consensus RatingHorizon Technology Finance has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.40, Horizon Technology Finance has a potential downside of 7.6% from its current price of $11.25.Amount of Analyst CoverageHorizon Technology Finance has only been the subject of 4 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesHorizon Technology Finance has received 277 “outperform” votes. (Add your “outperform” vote.)Underperform VotesHorizon Technology Finance has received 389 “underperform” votes. (Add your “underperform” vote.)Community SentimentHorizon Technology Finance has received 58.41% “underperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend LeadershipHorizon Technology Finance is a leading dividend payer. It pays a dividend yield of 11.02%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHorizon Technology Finance does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Horizon Technology Finance is 78.95 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Horizon Technology Finance will have a dividend payout ratio of 96.77 % in the coming year. This indicates that Horizon Technology Finance may not be able to sustain their current dividend. Previous Next 3.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Horizon Technology Finance insiders have bought more of their company's stock than they have sold. Specifically, they have bought $217,035.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.50% of the stock of Horizon Technology Finance is held by insiders.Percentage Held by InstitutionsOnly 9.16% of the stock of Horizon Technology Finance is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Horizon Technology Finance are expected to grow by 9.73% in the coming year, from $1.13 to $1.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Horizon Technology Finance is 9.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.48.Price to Earnings Ratio vs. SectorThe P/E ratio of Horizon Technology Finance is 9.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.95.Price to Book Value per Share RatioHorizon Technology Finance has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.2Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.09 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investment offices, not elsewhere classified Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNASDAQ:HRZN Previous Symbol CUSIP44045A10 CIK1487428 Webwww.horizontechfinance.com Phone860-676-8654Debt Debt-to-Equity RatioN/A Current Ratio0.24 Quick Ratio0.24Price-To-Earnings Trailing P/E Ratio9.96 Forward P/E Ratio9.96 P/E GrowthN/A Sales & Book Value Annual Sales$43.13 million Price / Sales4.40 Cash Flow$1.50 per share Price / Cash Flow7.49 Book Value$12.63 per share Price / Book0.89Profitability EPS (Most Recent Fiscal Year)$1.52 Net Income$19.50 million Net Margins35.08% Return on Equity12.25% Return on Assets6.42%Miscellaneous EmployeesN/A Outstanding Shares16,860,000Market Cap$189.68 million Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NASDAQ:HRZN Rates by TradingView Receive HRZN News and Ratings via Email Sign-up to receive the latest news and ratings for HRZN and its competitors with MarketBeat's FREE daily newsletter. Horizon Technology Finance (NASDAQ:HRZN) Frequently Asked Questions How has Horizon Technology Finance's stock been impacted by COVID-19 (Coronavirus)? Horizon Technology Finance's stock was trading at $11.90 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HRZN stock has decreased by 5.5% and is now trading at $11.25. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Horizon Technology Finance? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Technology Finance in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Horizon Technology Finance. When is Horizon Technology Finance's next earnings date? Horizon Technology Finance is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Horizon Technology Finance. How were Horizon Technology Finance's earnings last quarter? Horizon Technology Finance Corp (NASDAQ:HRZN) posted its earnings results on Tuesday, April, 28th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.07. The investment management company had revenue of $10.11 million for the quarter, compared to the consensus estimate of $11.05 million. Horizon Technology Finance had a net margin of 35.08% and a return on equity of 12.25%. View Horizon Technology Finance's earnings history. How often does Horizon Technology Finance pay dividends? What is the dividend yield for Horizon Technology Finance? Horizon Technology Finance announced a monthly dividend on Friday, May 1st. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.10 per share on Tuesday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 10.67%. The ex-dividend date of this dividend is Monday, August 17th. View Horizon Technology Finance's dividend history. What price target have analysts set for HRZN? 6 equities research analysts have issued 12 month target prices for Horizon Technology Finance's stock. Their forecasts range from $9.00 to $12.00. On average, they anticipate Horizon Technology Finance's stock price to reach $10.40 in the next twelve months. This suggests that the stock has a possible downside of 7.6%. View analysts' price targets 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. 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. " (5/29/2020) 2. 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) Has Horizon Technology Finance been receiving favorable news coverage? Headlines about HRZN stock have been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Horizon Technology Finance earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned media headlines about the investment management company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutHorizon Technology Finance. Who are some of Horizon Technology Finance's key competitors? Some companies that are related to Horizon Technology Finance include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Legg Mason (LM), Eaton Vance (EV), Invesco (IVZ), Affiliated Managers Group (AMG), Cohen & Steers (CNS) and Federated Investors (FII). View all 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), ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), AT&T (T), NGL Energy Partners (NGL), Ares Capital (ARCC), New Residential Investment (NRZ), Prospect Capital (PSEC), Triplepoint Venture Growth BDC (TPVG) and Alliance Resource Partners (ARLP). Who are Horizon Technology Finance's key executives? Horizon Technology Finance's management team includes the following 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 What is Horizon Technology Finance's stock symbol? Horizon Technology Finance trades on the NASDAQ under the ticker symbol "HRZN." Who are Horizon Technology Finance's major shareholders? Horizon Technology Finance's stock is owned by a number of institutional and retail investors. Top institutional investors include Two Sigma Advisers LP (1.15%), Virtus ETF Advisers LLC (0.76%), Two Sigma Investments LP (0.59%), BlackRock Inc. (0.46%), UBS Group AG (0.35%) and Eqis Capital Management Inc. (0.28%). Company insiders that own Horizon Technology Finance stock include Daniel R Trolio, 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 UBS Group AG, Two Sigma Investments LP, Virtus ETF Advisers LLC, Two Sigma Advisers LP, and Wells Fargo & Company MN. View insider buying and selling activity 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 Eqis Capital Management Inc., Advisor Group Holdings Inc., AXA, Parisi Gray Wealth Management, Sheaff Brock Investment Advisors LLC, Morgan Stanley, Sowell Financial Services LLC, and Raymond James & Associates. Company insiders that have bought Horizon Technology Finance stock in the last two years include Daniel R Trolio, Elaine A Sarsynski, Gerald A Michaud, Joseph J Savage, and Robert D Jr Pomeroy. View insider buying and selling activity 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 $11.25. How big of a company is Horizon Technology Finance? Horizon Technology Finance has a market capitalization of $189.68 million and generates $43.13 million in revenue each year. The investment management company earns $19.50 million in net income (profit) each year or $1.52 on an earnings per share basis. What is Horizon Technology Finance's official website? The official website for Horizon Technology Finance is 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. This page was last updated on 6/1/2020 by MarketBeat.com Staff
