Horizon Technology Finance (NASDAQ:HRZN) Issues Earnings Results, Misses Estimates By $0.03 EPS

Horizon Technology Finance (NASDAQ:HRZN) issued its quarterly earnings data on Tuesday. The investment management company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03), Zacks reports. The company had revenue of $24.56 million for the quarter, compared to the consensus estimate of $25.38 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. During the same quarter in the previous year, the company earned $0.53 earnings per share.

Horizon Technology Finance Stock Down 1.2 %

HRZN stock traded down $0.12 during trading on Friday, reaching $9.53. 353,057 shares of the company’s stock were exchanged, compared to its average volume of 285,926. Horizon Technology Finance has a 1-year low of $9.30 and a 1-year high of $13.73. The company’s fifty day moving average price is $10.64 and its 200-day moving average price is $11.37. The firm has a market cap of $362.71 million, a PE ratio of -80.42 and a beta of 1.23.

Horizon Technology Finance Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.32 dividend on an annualized basis and a yield of 13.85%. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -1,100.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. B. Riley restated a “sell” rating and set a $9.00 price objective (down from $10.00) on shares of Horizon Technology Finance in a research note on Thursday, August 1st. Keefe, Bruyette & Woods lowered their price objective on Horizon Technology Finance from $9.50 to $9.00 and set an “underperform” rating for the company in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.63.

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.