Wall Street brokerages predict that Horizon Technology Finance Corporation (NASDAQ:HRZN) will announce sales of $6.60 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Horizon Technology Finance Corporation’s earnings, with estimates ranging from $6.39 million to $6.91 million. Horizon Technology Finance Corporation posted sales of $6.99 million in the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Horizon Technology Finance Corporation will report full-year sales of $6.60 million for the current financial year, with estimates ranging from $26.00 million to $26.52 million. For the next fiscal year, analysts expect that the company will report sales of $28.42 million per share, with estimates ranging from $27.00 million to $29.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Horizon Technology Finance Corporation.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, October 31st. The investment management company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $6.39 million. Horizon Technology Finance Corporation had a return on equity of 9.96% and a net margin of 24.46%.

A number of analysts have commented on HRZN shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 price target on shares of Horizon Technology Finance Corporation in a research report on Tuesday, July 25th. Maxim Group restated a “hold” rating on shares of Horizon Technology Finance Corporation in a research report on Wednesday, August 2nd. UBS AG cut Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 3rd. Raymond James Financial, Inc. restated an “underperform” rating on shares of Horizon Technology Finance Corporation in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.75.

Large investors have recently added to or reduced their stakes in the stock. WFG Advisors LP grew its position in shares of Horizon Technology Finance Corporation by 30.8% during the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock worth $283,000 after purchasing an additional 5,878 shares in the last quarter. Investment Centers of America Inc. purchased a new stake in shares of Horizon Technology Finance Corporation during the second quarter worth about $136,000. West Family Investments Inc. grew its position in shares of Horizon Technology Finance Corporation by 49.0% during the second quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock worth $1,866,000 after purchasing an additional 52,156 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Horizon Technology Finance Corporation by 8.4% during the third quarter. Advisors Asset Management Inc. now owns 349,600 shares of the investment management company’s stock worth $3,884,000 after purchasing an additional 27,218 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Horizon Technology Finance Corporation by 25.8% during the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock worth $235,000 after purchasing an additional 4,252 shares in the last quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

Shares of Horizon Technology Finance Corporation (NASDAQ HRZN) opened at $11.20 on Friday. The company has a market capitalization of $129.00, a PE ratio of 9.47 and a beta of 0.87. Horizon Technology Finance Corporation has a 1 year low of $9.66 and a 1 year high of $11.75.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 22nd will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.71%. The ex-dividend date is Friday, January 19th. Horizon Technology Finance Corporation’s dividend payout ratio is currently 210.53%.

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About Horizon Technology Finance Corporation

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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Earnings History and Estimates for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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