Horizon Technology Finance Corporation (NASDAQ:HRZN) declared a monthly dividend on Wednesday, November 1st, Wall Street Journal reports. Stockholders of record on Wednesday, December 20th will be given a dividend of 0.10 per share by the investment management company on Wednesday, January 17th. This represents a $1.20 annualized dividend and a dividend yield of 11.37%. The ex-dividend date of this dividend is Tuesday, December 19th.
Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $6.39 million. Horizon Technology Finance Corporation had a net margin of 24.46% and a return on equity of 9.92%.
A number of analysts have recently issued reports on HRZN shares. Compass Point restated a “sell” rating and set a $10.00 target price on shares of Horizon Technology Finance Corporation in a research note on Thursday, July 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.00 target price on shares of Horizon Technology Finance Corporation in a research note on Tuesday, July 25th. Maxim Group restated a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. UBS AG cut shares of Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 3rd. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Horizon Technology Finance Corporation in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.75.
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About Horizon Technology Finance Corporation
Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.
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