Horizon Technology Finance Corp Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:HRZN)
Horizon Technology Finance Corp (NASDAQ:HRZN) has earned an average rating of “Hold” from the nine analysts that are presently covering the stock, AnalystRatings.NET reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $14.66.
Horizon Technology Finance Corp (NASDAQ:HRZN) opened at 14.10 on Friday. Horizon Technology Finance Corp has a 1-year low of $12.17 and a 1-year high of $14.70. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $13.78. The company has a market cap of $135.6 million and a P/E ratio of 23.85.
Horizon Technology Finance Corp (NASDAQ:HRZN) last announced its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. On average, analysts predict that Horizon Technology Finance Corp will post $1.23 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Monday, July 21st will be given a dividend of $0.115 per share. This represents a $1.38 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date of this dividend is Thursday, July 17th.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Horizon Technology Finance Corp from $13.00 to $14.00 in a research note on Thursday. Separately, analysts at FIG Partners reiterated a “neutral” rating on shares of Horizon Technology Finance Corp in a research note on Wednesday. Finally, 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.
Horizon Technology Finance Corporation is a closed-end, non-diversified management investment company.
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