Horizon Technology Finance Co. to Post Q3 2022 Earnings of $0.33 Per Share, Oppenheimer Forecasts (NASDAQ:HRZN)

Horizon Technology Finance Co. (NASDAQ:HRZNGet Rating) – Oppenheimer cut their Q3 2022 earnings estimates for shares of Horizon Technology Finance in a research note issued on Wednesday, May 4th. Oppenheimer analyst M. Penn now expects that the investment management company will post earnings of $0.33 per share for the quarter, down from their previous forecast of $0.35. Oppenheimer also issued estimates for Horizon Technology Finance’s Q4 2022 earnings at $0.35 EPS.

Horizon Technology Finance (NASDAQ:HRZNGet Rating) last issued its earnings results on Tuesday, May 3rd. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). Horizon Technology Finance had a net margin of 41.45% and a return on equity of 11.32%. During the same period last year, the company posted $0.31 earnings per share.

Several other analysts also recently commented on HRZN. StockNews.com began coverage on Horizon Technology Finance in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Compass Point raised shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 4th. Finally, Zacks Investment Research cut shares of Horizon Technology Finance from a “hold” rating to a “strong sell” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, Horizon Technology Finance has an average rating of “Hold” and an average target price of $16.25.

Shares of Horizon Technology Finance stock opened at $12.55 on Monday. The stock’s 50-day simple moving average is $13.91. Horizon Technology Finance has a 1-year low of $11.62 and a 1-year high of $19.08. The firm has a market cap of $300.95 million, a P/E ratio of 10.12 and a beta of 1.01.

Several institutional investors have recently modified their holdings of the company. CPR Investments Inc. lifted 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 in the last quarter. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Horizon Technology Finance in the 1st quarter worth about $128,000. Commonwealth Equity Services LLC increased its holdings in shares of Horizon Technology Finance by 12.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 22,669 shares of the investment management company’s stock worth $315,000 after buying an additional 2,526 shares during the last quarter. National Asset Management Inc. bought a new stake in shares of Horizon Technology Finance in the 1st quarter worth about $145,000. Finally, Belpointe Asset Management LLC grew its holdings in Horizon Technology Finance by 89.5% during the 1st quarter. Belpointe Asset Management LLC now owns 24,162 shares of the investment management company’s stock valued at $336,000 after purchasing an additional 11,412 shares during the last quarter. Institutional investors and hedge funds own 11.30% of the company’s stock.

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.56%. The ex-dividend date is Wednesday, August 17th. Horizon Technology Finance’s dividend payout ratio is presently 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.

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

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