Horizon Technology Finance (HRZN) Set to Announce Quarterly Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Horizon Technology Finance (NASDAQ:HRZN) last issued its earnings results on Tuesday, February 27th. The investment management company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $28.18 million during the quarter, compared to the consensus estimate of $29.21 million. Horizon Technology Finance had a positive return on equity of 18.24% and a negative net margin of 15.14%. On average, analysts expect Horizon Technology Finance to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Horizon Technology Finance Stock Performance

Shares of HRZN stock opened at $11.64 on Friday. The company has a market cap of $407.63 million, a P/E ratio of -23.75 and a beta of 1.21. The stock has a 50 day simple moving average of $11.70 and a two-hundred day simple moving average of $12.31. Horizon Technology Finance has a fifty-two week low of $10.75 and a fifty-two week high of $13.73.

Horizon Technology Finance Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 16th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.16 per share. This is an increase from Horizon Technology Finance’s previous dividend of $0.11. The ex-dividend date was Monday, March 18th. This represents a dividend yield of 16.48%. Horizon Technology Finance’s payout ratio is currently -269.38%.

Insider Activity at Horizon Technology Finance

In related news, President Gerald A. Michaud bought 3,650 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of $11.77 per share, with a total value of $42,960.50. Following the completion of the transaction, the president now directly owns 156,244 shares in the company, valued at $1,838,991.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HRZN shares. LADENBURG THALM/SH SH restated a “neutral” rating on shares of Horizon Technology Finance in a report on Wednesday, February 28th. Oppenheimer decreased their price objective on Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, March 1st. UBS Group decreased their price objective on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a report on Monday, March 18th. Finally, B. Riley downgraded Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 price objective for the company. in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, Horizon Technology Finance presently has a consensus rating of “Hold” and a consensus price target of $10.38.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.