Equities research analysts predict that Horizon Technology Finance Corporation (NASDAQ:HRZN) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Horizon Technology Finance’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.27. Horizon Technology Finance posted earnings per share of $0.33 during the same quarter last year, which suggests a negative year-over-year growth rate of 21.2%. The business is scheduled to announce its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Horizon Technology Finance will report full year earnings of $1.12 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.13. For the next year, analysts expect that the business will report earnings of $1.09 per share, with EPS estimates ranging from $0.94 to $1.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Horizon Technology Finance.

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

HRZN has been the topic of a number of research reports. Zacks Investment Research downgraded Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Raymond James Financial raised Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. ValuEngine downgraded Horizon Technology Finance from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. National Securities downgraded Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $10.00 price target on the stock. in a research note on Tuesday, October 17th. Finally, TheStreet raised Horizon Technology Finance from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Horizon Technology Finance presently has an average rating of “Hold” and an average target price of $10.75.

Horizon Technology Finance (NASDAQ:HRZN) traded down $0.08 during mid-day trading on Tuesday, reaching $10.69. The company had a trading volume of 55,229 shares, compared to its average volume of 56,041. Horizon Technology Finance has a fifty-two week low of $9.66 and a fifty-two week high of $11.75. The firm has a market cap of $123.01, a P/E ratio of 8.97 and a beta of 0.84.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, January 22nd will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.23%. The ex-dividend date of this dividend is Friday, January 19th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently 210.53%.

Several hedge funds have recently added to or reduced their stakes in the company. Shelton Capital Management bought a new position in shares of Horizon Technology Finance in the third quarter valued at approximately $244,000. Advisors Asset Management Inc. grew its holdings in shares of Horizon Technology Finance by 8.4% in the third quarter. Advisors Asset Management Inc. now owns 349,600 shares of the investment management company’s stock valued at $3,884,000 after acquiring an additional 27,218 shares in the last quarter. WFG Advisors LP grew its holdings in shares of Horizon Technology Finance by 30.8% in the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock valued at $283,000 after acquiring an additional 5,878 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Horizon Technology Finance by 25.8% in the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 4,252 shares in the last quarter. Finally, Investment Centers of America Inc. bought a new position in shares of Horizon Technology Finance in the second quarter valued at approximately $136,000. 17.27% of the stock is owned by institutional investors.

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

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