Horizon Technology Finance Co. (NASDAQ:HRZN – Get Rating) – Investment analysts at Oppenheimer decreased their Q2 2022 earnings estimates for Horizon Technology Finance in a report issued on Wednesday, May 4th. Oppenheimer analyst M. Penn now expects that the investment management company will earn $0.31 per share for the quarter, down from their prior estimate of $0.33. Oppenheimer also issued estimates for Horizon Technology Finance’s FY2022 earnings at $1.24 EPS, Q1 2023 earnings at $0.32 EPS, Q2 2023 earnings at $0.33 EPS, Q3 2023 earnings at $0.33 EPS, Q4 2023 earnings at $0.33 EPS and FY2023 earnings at $1.30 EPS.
Other equities research analysts have also recently issued research reports about the stock. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating in a report on Wednesday. StockNews.com began coverage on shares of Horizon Technology Finance in a research note on Thursday, March 31st. They set a “sell” rating for the company. Finally, Zacks Investment Research lowered shares of Horizon Technology Finance from a “buy” rating to a “hold” rating in a report on Friday, March 4th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.25.
Horizon Technology Finance (NASDAQ:HRZN – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). Horizon Technology Finance had a net margin of 41.45% and a return on equity of 11.85%. During the same quarter in the prior year, the firm posted $0.31 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CPR Investments Inc. boosted its stake in shares of Horizon Technology Finance by 31.5% during the 1st quarter. CPR Investments Inc. now owns 44,980 shares of the investment management company’s stock valued at $625,000 after buying an additional 10,774 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Horizon Technology Finance in the 1st quarter valued at $128,000. Commonwealth Equity Services LLC boosted its position in Horizon Technology Finance by 12.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 22,669 shares of the investment management company’s stock worth $315,000 after acquiring an additional 2,526 shares during the period. National Asset Management Inc. acquired a new stake in shares of Horizon Technology Finance during the 1st quarter valued at about $145,000. Finally, Belpointe Asset Management LLC raised its stake in shares of Horizon Technology Finance by 89.5% in the 1st quarter. Belpointe Asset Management LLC now owns 24,162 shares of the investment management company’s stock valued at $336,000 after acquiring an additional 11,412 shares in the last quarter. 11.30% of the stock is owned by hedge funds and other institutional investors.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Tuesday, July 19th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date of this dividend is Monday, July 18th. Horizon Technology Finance’s dividend payout ratio is currently 96.77%.
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.
- Get a free copy of the StockNews.com research report on Horizon Technology Finance (HRZN)
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