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 $7.45 +0.36 (+5.08 %) (As of 04/7/2020 06:00 AM ET) Add Compare Share Today's Range$7.42Now: $7.45▼$7.8850-Day Range$5.25MA: $10.23▼$13.5452-Week Range$4.51Now: $7.45▼$13.78Volume148,451 shsAverage Volume423,772 shsMarket Capitalization$124.86 millionP/E Ratio5.21Dividend Yield16.92%Beta0.99 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider 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™ 4.1 Analyst's Opinion Consensus RatingHorizon Technology Finance has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.12, Horizon Technology Finance has a potential upside of 49.2% from its current price of $7.45.Amount of Analyst CoverageHorizon Technology Finance has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.1 Community Rank Outperform VotesHorizon Technology Finance has received 274 “outperform” votes. (Add your “outperform” vote.)Underperform VotesHorizon Technology Finance has received 385 “underperform” votes. (Add your “underperform” vote.)Community SentimentHorizon Technology Finance has received 58.42% “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 16.92%, 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 90.91 % 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 10.66% 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 3.94% in the coming year, from $1.27 to $1.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Horizon Technology Finance is 5.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Horizon Technology Finance is 5.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 11.72.Price to Book Value per Share RatioHorizon Technology Finance has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.1Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.68 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 Webhttp://www.horizontechfinance.com/ Phone860-676-8654Debt Debt-to-Equity RatioN/A Current Ratio0.07 Quick Ratio0.07Price-To-Earnings Trailing P/E Ratio5.21 Forward P/E Ratio5.87 P/E GrowthN/A Sales & Book Value Annual Sales$43.13 million Price / Sales2.90 Cash Flow$1.53 per share Price / Cash Flow4.87 Book Value$12.63 per share Price / Book0.59Profitability EPS (Most Recent Fiscal Year)$1.52 Net Income$19.50 million Net Margins45.21% Return on Equity12.30% Return on Assets6.53%Miscellaneous EmployeesN/A Outstanding Shares16,760,000Market Cap$124.86 million Next Earnings Date5/5/2020 (Estimated) OptionableOptionable 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. NASDAQ:HRZN Rates by TradingView 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 reached pandemic status according to the World Health Organization. Since then, HRZN shares have decreased by 37.4% and is now trading at $7.45. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Horizon Technology Finance? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Horizon Technology Finance in the last year. There are currently 5 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, May 5th 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 quarterly earnings data on Tuesday, March, 3rd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. The investment management company earned $12.98 million during the quarter, compared to analysts' expectations of $10.15 million. Horizon Technology Finance had a return on equity of 12.30% and a net margin of 45.21%. 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 declared a monthly dividend on Friday, March 6th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.10 per share on Tuesday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 16.11%. The ex-dividend date is Monday, May 18th. View Horizon Technology Finance's dividend history. What price target have analysts set for HRZN? 7 equities research analysts have issued 1 year price objectives for Horizon Technology Finance's shares. Their forecasts range from $8.50 to $13.50. On average, they anticipate Horizon Technology Finance's share price to reach $11.12 in the next year. This suggests a possible upside of 49.2% from the stock's current price. 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. " (3/10/2020) 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) 3. 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) Has Horizon Technology Finance been receiving favorable news coverage? Media stories about HRZN stock have trended very negative on Tuesday, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. 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 media sentiment score of -3.3 on InfoTrie's scale. They also gave press coverage about the investment management company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. 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), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Legg Mason (LM), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS) and Federated Investors (FII). 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), New Residential Investment (NRZ), NGL Energy Partners (NGL), Prospect Capital (PSEC), Ares Capital (ARCC), AT&T (T), Triplepoint Venture Growth BDC (TPVG) and CHIMERA INVT CO/SH NEW (CIM). 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." 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 $7.45. How big of a company is Horizon Technology Finance? Horizon Technology Finance has a market capitalization of $124.86 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. 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. This page was last updated on 4/7/2020 by MarketBeat.com StaffFeatured Article: Trading based on a resistance level
