Wall Street brokerages expect Horizon Technology Finance Corp (NASDAQ:HRZN) to announce earnings per share of $0.31 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Horizon Technology Finance Corp’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.28. Horizon Technology Finance Corp posted earnings per share of $0.38 during the same quarter last year, which would suggest a negative year over year growth rate of 18.4%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, May 2nd.

On average, analysts expect that Horizon Technology Finance Corp will report full year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.24. For the next year, analysts expect that the business will post earnings of $1.25 per share, with EPS estimates ranging from $1.22 to $1.29. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Horizon Technology Finance Corp.

Horizon Technology Finance Corp (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, March 7th. The investment management company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Horizon Technology Finance Corp had a positive return on equity of 11.33% and a negative net margin of 4.62%. The firm earned $7 million during the quarter, compared to analyst estimates of $7.36 million. During the same quarter in the previous year, the business earned $0.35 EPS. Horizon Technology Finance Corp’s revenue for the quarter was down 18.6% compared to the same quarter last year.

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A number of brokerages have recently weighed in on HRZN. National Securities reissued a “neutral” rating and set a $11.00 price objective on shares of Horizon Technology Finance Corp in a research note on Monday, March 13th. Zacks Investment Research raised shares of Horizon Technology Finance Corp from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, February 27th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Horizon Technology Finance Corp has a consensus rating of “Hold” and a consensus price target of $12.88.

Horizon Technology Finance Corp (NASDAQ:HRZN) opened at 11.61 on Thursday. The company has a 50 day moving average price of $10.98 and a 200 day moving average price of $11.44. The stock’s market cap is $133.67 million. Horizon Technology Finance Corp has a 52 week low of $9.64 and a 52 week high of $13.95.

The company also recently announced a monthly dividend, which was paid on Tuesday, April 18th. Investors of record on Monday, March 20th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.34%. Horizon Technology Finance Corp’s dividend payout ratio (DPR) is currently -750.00%.

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Hedge funds have recently made changes to their positions in the company. Horizon Investments LLC raised its stake in shares of Horizon Technology Finance Corp by 1.0% in the fourth quarter. Horizon Investments LLC now owns 10,223 shares of the investment management company’s stock worth $108,000 after buying an additional 103 shares during the period. GAM Holding AG purchased a new stake in shares of Horizon Technology Finance Corp during the third quarter worth about $119,000. Nuveen Fund Advisors LLC raised its stake in shares of Horizon Technology Finance Corp by 139.5% in the third quarter. Nuveen Fund Advisors LLC now owns 40,716 shares of the investment management company’s stock worth $552,000 after buying an additional 23,718 shares during the period. Wells Fargo & Company MN raised its stake in shares of Horizon Technology Finance Corp by 6.5% in the third quarter. Wells Fargo & Company MN now owns 46,075 shares of the investment management company’s stock worth $625,000 after buying an additional 2,796 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Horizon Technology Finance Corp by 10.1% in the fourth quarter. Two Sigma Investments LP now owns 93,589 shares of the investment management company’s stock worth $985,000 after buying an additional 8,566 shares during the period. Hedge funds and other institutional investors own 17.27% of the company’s stock.

Horizon Technology Finance Corp Company Profile

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

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