Horizon Technology Finance Co. (NASDAQ:HRZN) Expected to Post Earnings of $0.29 Per Share

Wall Street brokerages predict that Horizon Technology Finance Co. (NASDAQ:HRZNGet Rating) will report earnings of $0.29 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Horizon Technology Finance’s earnings. Horizon Technology Finance posted earnings per share of $0.31 in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Horizon Technology Finance will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.36. For the next financial year, analysts forecast that the firm will report earnings of $1.44 per share, with EPS estimates ranging from $1.41 to $1.46. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Horizon Technology Finance.

Horizon Technology Finance (NASDAQ:HRZNGet Rating) last released its quarterly earnings data on Tuesday, March 1st. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $16.95 million for the quarter, compared to analysts’ expectations of $14.77 million. Horizon Technology Finance had a return on equity of 12.20% and a net margin of 46.29%.

A number of analysts have weighed in on HRZN shares. StockNews.com started coverage on Horizon Technology Finance in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Zacks Investment Research cut Horizon Technology Finance from a “buy” rating to a “hold” rating in a research report on Friday, March 4th.

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Horizon Technology Finance by 21.2% during the second quarter. Royal Bank of Canada now owns 5,214 shares of the investment management company’s stock worth $90,000 after purchasing an additional 913 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Horizon Technology Finance during the first quarter worth $62,000. JPMorgan Chase & Co. lifted its stake in shares of Horizon Technology Finance by 245,900.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,380 shares of the investment management company’s stock valued at $117,000 after acquiring an additional 7,377 shares during the period. First Affirmative Financial Network acquired a new position in shares of Horizon Technology Finance during the fourth quarter valued at $170,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of Horizon Technology Finance during the fourth quarter valued at $203,000. Institutional investors own 9.50% of the company’s stock.

NASDAQ:HRZN traded down $0.09 during trading hours on Monday, reaching $14.21. The company had a trading volume of 114,530 shares, compared to its average volume of 193,912. The business has a 50-day simple moving average of $14.75. Horizon Technology Finance has a one year low of $13.21 and a one year high of $19.08. The firm has a market cap of $305.15 million, a price-to-earnings ratio of 10.22 and a beta of 1.02.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 18th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date is Tuesday, May 17th. Horizon Technology Finance’s dividend payout ratio (DPR) is 86.33%.

Horizon Technology Finance Company Profile (Get Rating)

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

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