Horizon Technology Finance Co. (NASDAQ:HRZN – Get Rating) – B. Riley issued their Q1 2023 EPS estimates for Horizon Technology Finance in a report issued on Friday, September 16th. B. Riley analyst B. Rowe expects that the investment management company will post earnings of $0.29 per share for the quarter. B. Riley currently has a “Neutral” rating and a $10.50 price target on the stock. The consensus estimate for Horizon Technology Finance’s current full-year earnings is $1.29 per share. B. Riley also issued estimates for Horizon Technology Finance’s Q2 2023 earnings at $0.32 EPS, Q3 2023 earnings at $0.33 EPS and Q4 2023 earnings at $0.35 EPS.
Horizon Technology Finance (NASDAQ:HRZN – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The investment management company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Horizon Technology Finance had a net margin of 39.59% and a return on equity of 11.55%. During the same period in the previous year, the company earned $0.31 EPS.
Separately, UBS Group assumed coverage on shares of Horizon Technology Finance in a report on Friday, September 9th. They set a “neutral” rating and a $12.50 target price on the stock. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.50.
Horizon Technology Finance Stock Down 4.2 %
NASDAQ:HRZN opened at $11.59 on Monday. The stock has a market cap of $294.18 million, a P/E ratio of 9.58 and a beta of 1.01. The firm’s fifty day simple moving average is $12.69 and its 200 day simple moving average is $12.78. Horizon Technology Finance has a twelve month low of $10.55 and a twelve month high of $19.08.
Horizon Technology Finance Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend is Wednesday, November 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently 99.17%.
In other Horizon Technology Finance news, CEO Robert D. Jr. Pomeroy bought 4,000 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were purchased at an average price of $11.30 per share, for a total transaction of $45,200.00. Following the acquisition, the chief executive officer now owns 162,127 shares in the company, valued at approximately $1,832,035.10. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.
Hedge Funds Weigh In On Horizon Technology Finance
A number of hedge funds have recently bought and sold shares of the company. B. Riley Wealth Management Inc. bought a new position in Horizon Technology Finance in the 2nd quarter worth about $88,638,000. BDO Wealth Advisors LLC boosted its stake in Horizon Technology Finance by 146.4% in the 2nd quarter. BDO Wealth Advisors LLC now owns 5,890 shares of the investment management company’s stock worth $68,000 after purchasing an additional 3,500 shares in the last quarter. Millennium Management LLC boosted its stake in Horizon Technology Finance by 15.9% in the 2nd quarter. Millennium Management LLC now owns 52,652 shares of the investment management company’s stock worth $608,000 after purchasing an additional 7,224 shares in the last quarter. Natixis Advisors L.P. raised its position in Horizon Technology Finance by 3.5% in the 2nd quarter. Natixis Advisors L.P. now owns 49,522 shares of the investment management company’s stock worth $571,000 after buying an additional 1,659 shares during the last quarter. Finally, Virtus ETF Advisers LLC raised its position in Horizon Technology Finance by 42.9% in the 2nd quarter. Virtus ETF Advisers LLC now owns 52,073 shares of the investment management company’s stock worth $601,000 after buying an additional 15,639 shares during the last quarter. Institutional investors own 12.53% of the company’s stock.
About Horizon Technology Finance
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, and cleantech industries.
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