News articles about Horizon Technology Finance (NASDAQ:HRZN) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Horizon Technology Finance earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.7720925328911 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities analysts have commented on HRZN shares. ValuEngine cut Horizon Technology Finance from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Zacks Investment Research raised Horizon Technology Finance from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. TheStreet raised Horizon Technology Finance from a “c” rating to a “b-” rating in a report on Tuesday, July 10th. Compass Point cut Horizon Technology Finance from a “neutral” rating to a “sell” rating in a report on Wednesday, August 1st. Finally, National Securities reissued a “neutral” rating and issued a $11.00 target price on shares of Horizon Technology Finance in a report on Monday, August 6th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Horizon Technology Finance presently has a consensus rating of “Hold” and an average price target of $11.67.
Shares of HRZN traded up $0.02 during mid-day trading on Thursday, reaching $11.26. The company had a trading volume of 43,409 shares, compared to its average volume of 89,967. Horizon Technology Finance has a twelve month low of $9.92 and a twelve month high of $11.97. The stock has a market cap of $130.51 million, a PE ratio of 10.52 and a beta of 0.86.
Horizon Technology Finance (NASDAQ:HRZN) last issued its earnings results on Tuesday, July 31st. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. Horizon Technology Finance had a return on equity of 9.41% and a net margin of 39.15%. The business had revenue of $7.31 million during the quarter, compared to analysts’ expectations of $7.20 million. analysts anticipate that Horizon Technology Finance will post 1.14 earnings per share for the current fiscal year.
The business also recently announced a dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Tuesday, September 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, September 17th. Horizon Technology Finance’s payout ratio is presently 112.15%.
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, and cleantech industries.
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