Horizon Technology Finance Corp Stock Rating Reaffirmed by FIG Partners (HRZN)
Horizon Technology Finance Corp (NASDAQ:HRZN) traded down 0.78% on Wednesday, hitting $14.08. 114,761 shares of the company’s stock traded hands. Horizon Technology Finance Corp has a 52-week low of $12.17 and a 52-week high of $14.70. The stock has a 50-day moving average of $13.64 and a 200-day moving average of $13.7. The company has a market cap of $135.4 million and a price-to-earnings ratio of 24.09.
Horizon Technology Finance Corp (NASDAQ:HRZN) last announced its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. Analysts expect that Horizon Technology Finance Corp will post $1.25 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Monday, July 21st will be paid a dividend of $0.115 per share. This represents a $1.38 annualized dividend and a dividend yield of 9.80%. The ex-dividend date is Thursday, July 17th.
Separately, analysts at Gilford Securities downgraded shares of Horizon Technology Finance Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Horizon Technology Finance Corp presently has a consensus rating of “Hold” and a consensus target price of $14.46.
Horizon Technology Finance Corporation is a closed-end, non-diversified management investment company.
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