Equities research analysts predict that Horizon Technology Finance Corp (NASDAQ:HRZN) will report earnings per share of $0.34 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Horizon Technology Finance’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.30. Horizon Technology Finance posted earnings of $0.21 per share during the same quarter last year, which would indicate a positive year over year growth rate of 61.9%. The business is scheduled to announce its next earnings report on Tuesday, March 5th.
On average, analysts expect that Horizon Technology Finance will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.23. For the next year, analysts forecast that the firm will post earnings of $1.20 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Horizon Technology Finance.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Horizon Technology Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. National Securities reaffirmed a “neutral” rating and set a $11.00 price target on shares of Horizon Technology Finance in a research report on Friday, November 2nd. Finally, Keefe, Bruyette & Woods lowered shares of Horizon Technology Finance from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $10.50 to $10.00 in a research report on Sunday, October 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Horizon Technology Finance presently has a consensus rating of “Hold” and an average price target of $11.50.
An institutional investor recently raised its position in Horizon Technology Finance stock. Rehmann Capital Advisory Group raised its stake in shares of Horizon Technology Finance Corp (NASDAQ:HRZN) by 1,040.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,997 shares of the investment management company’s stock after purchasing an additional 4,559 shares during the period. Rehmann Capital Advisory Group’s holdings in Horizon Technology Finance were worth $438,000 at the end of the most recent reporting period. 11.12% of the stock is currently owned by hedge funds and other institutional investors.
HRZN stock traded up $0.14 on Monday, hitting $12.23. 33,309 shares of the company were exchanged, compared to its average volume of 58,279. Horizon Technology Finance has a twelve month low of $9.92 and a twelve month high of $12.34. The firm has a market capitalization of $141.01 million, a price-to-earnings ratio of 11.43 and a beta of 0.77.
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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