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 declared a monthly dividend on Wednesday, August 2nd. Investors of record on Thursday, October 19th will be paid a dividend of $0.10 per share on Wednesday, November 15th. This represents a $1.20 annualized dividend and a yield of 10.43%. The ex-dividend date of this dividend is Wednesday, October 18th. View Horizon Technology Finance Corporation's Dividend History.

Horizon Technology Finance Corporation (NASDAQ:HRZN) announced its earnings results on Tuesday, August, 1st. The company reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.03. The company earned $5.88 million during the quarter, compared to the consensus estimate 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 company'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, November, 7th 2017. View Earnings Estimates for Horizon Technology Finance Corporation.

5 brokerages have issued twelve-month target prices 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 year. View Analyst Ratings for Horizon Technology Finance Corporation.

Here are some recent quotes from research analysts about Horizon Technology Finance Corporation 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. " (10/4/2017)
• 2. National Securities analysts commented, "• HRZN offered $37.4 million (including the green shoe) of 6.25% notes due 2024. The 2024 note proceeds will be used to redeem the $33.0 million of 2019 notes with a coupon rate 113 bps higher than the new issue. These interest savings are significant and Horizon was wise to take advantage of the current risk-off environment to price a baby bond issue as cheap as they did.
  • We continue to expect all-in effective yield and thus NIM (net investment margin) to decline Y/Y for 2017 as a result of the drag on yields from heightened non-accruals before we expect the interest saving swill help bolster NIM Y/Y for 2018 even as we model further effective yield decreases.
  • We continue to expect further NAV decreases at HRZN as credit issues have continued to pop up regularly and other non-accruals such as ScoreBig were written down significantly more after having already been placed on non-accrual status. This does not give us much confidence in the ability of Horizon to maintain NAV/share and we expect this to decrease until 2Q18.
  • We are revising our 2017 NII/share estimate to $1.04 from $0.98 and our 2018 NII/share estimate to $1.05 from $0.96." (10/3/2017)
• 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 Fifth Street Senior Floating Rate Corp. (FSFR), Gladstone Capital Corporation (GLAD), Invesco Bond Fund (VBF), Stellus Capital Investment Corporation (SCM), TriplePoint Venture Growth BDC Corp. (TPVG), 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) and BlackRock LT Municipal Advantage Trust (BTA).

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 $11.50.