Horizon Technology Finance (HRZN) Set to Announce Quarterly Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Horizon Technology Finance (NASDAQ:HRZN) last issued its earnings results on Tuesday, February 27th. The investment management company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $28.18 million for the quarter, compared to analysts’ expectations of $29.21 million. Horizon Technology Finance had a negative net margin of 15.14% and a positive return on equity of 18.24%. On average, analysts expect Horizon Technology Finance to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Horizon Technology Finance Price Performance

Shares of HRZN stock opened at $11.64 on Friday. The stock has a market capitalization of $407.63 million, a PE ratio of -23.75 and a beta of 1.21. Horizon Technology Finance has a 1-year low of $10.75 and a 1-year high of $13.73. The business has a 50-day moving average of $11.70 and a 200 day moving average of $12.31.

Horizon Technology Finance Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 16th. Shareholders of record on Tuesday, March 19th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a yield of 16.48%. This is a boost from Horizon Technology Finance’s previous dividend of $0.11. Horizon Technology Finance’s dividend payout ratio (DPR) is -269.38%.

Insider Transactions at Horizon Technology Finance

In other news, President Gerald A. Michaud bought 3,650 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was purchased at an average price of $11.77 per share, with a total value of $42,960.50. Following the transaction, the president now owns 156,244 shares of the company’s stock, valued at $1,838,991.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. UBS Group dropped their price objective on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a report on Monday, March 18th. Oppenheimer dropped their price objective on Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, March 1st. B. Riley cut Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 price objective for the company. in a report on Monday, January 8th. Finally, LADENBURG THALM/SH SH reiterated a “neutral” rating on shares of Horizon Technology Finance in a report on Wednesday, February 28th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, Horizon Technology Finance has a consensus rating of “Hold” and an average target price of $10.38.

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.