Horizon Technology Finance Corporation (NASDAQ: HRZN) recently received a number of ratings updates from brokerages and research firms:

  • 8/3/2017 – Horizon Technology Finance Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
  • 8/3/2017 – Horizon Technology Finance Corporation had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 8/3/2017 – Horizon Technology Finance Corporation was downgraded by analysts at UBS AG from a “market perform” rating to an “underperform” rating.
  • 8/2/2017 – Horizon Technology Finance Corporation had its “hold” rating reaffirmed by analysts at Maxim Group.
  • 7/25/2017 – Horizon Technology Finance Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $11.00 price target on the stock.
  • 7/6/2017 – Horizon Technology Finance Corporation had its “sell” rating reaffirmed by analysts at Compass Point. They now have a $10.00 price target on the stock.

Shares of Horizon Technology Finance Corporation (NASDAQ HRZN) opened at 10.79 on Monday. The stock’s 50 day moving average price is $11.39 and its 200 day moving average price is $11.25. Horizon Technology Finance Corporation has a 1-year low of $9.64 and a 1-year high of $13.93.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, August 1st. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.03. The company had revenue of $5.88 million during the quarter, compared to the consensus estimate of $6.71 million. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The company’s revenue for the quarter was down 35.3% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. Equities analysts forecast that Horizon Technology Finance Corporation will post $1.07 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.12%. The ex-dividend date of this dividend is Wednesday, October 18th. Horizon Technology Finance Corporation’s dividend payout ratio (DPR) is -749.95%.

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.

Receive News & Ratings for Horizon Technology Finance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Technology Finance Corporation and related companies with MarketBeat.com's FREE daily email newsletter.