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NASDAQ:HRZNHorizon Technology Finance Stock Price, Forecast & News

$11.18
+0.37 (+3.42 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$10.81
Now: $11.18
$11.29
50-Day Range
$7.45
MA: $9.43
$10.48
52-Week Range
$4.51
Now: $11.18
$13.78
Volume154,400 shs
Average Volume258,129 shs
Market Capitalization$188.45 million
P/E Ratio9.89
Dividend Yield11.10%
Beta1.07
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.29 out of 5 stars


Industry, Sector and Symbol

Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:HRZN
CUSIP44045A10
Phone860-676-8654

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$43.13 million
Cash Flow$1.55 per share
Book Value$11.48 per share

Profitability

Net Income$19.50 million

Miscellaneous

EmployeesN/A
Market Cap$188.45 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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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 6.1% and is now trading at $11.18. 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) announced its earnings results on Tuesday, April, 28th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.07. The investment management company earned $10.11 million during the quarter, compared to the consensus estimate of $11.05 million. Horizon Technology Finance had a return on equity of 12.25% and a net margin of 35.08%. 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, May 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.10 per share on Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.73%. 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 twelve-month price objectives for Horizon Technology Finance's shares. 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 year. This suggests that the stock has a possible downside of 7.0%. 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. " (4/30/2020)
  • 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?

News coverage about HRZN stock has been trending positive recently, according to InfoTrie. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Horizon Technology Finance earned a news impact score of 2.3 on InfoTrie's scale. They also assigned media headlines about the investment management company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact 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?

What other stocks do shareholders of Horizon Technology Finance own?

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 retail and institutional 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 major 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 major 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 $11.18.

How big of a company is Horizon Technology Finance?

Horizon Technology Finance has a market capitalization of $188.45 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 5/28/2020 by MarketBeat.com Staff

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