Horizon Technology Finance Co. Expected to Earn Q1 2023 Earnings of $0.29 Per Share (NASDAQ:HRZN)
Horizon Technology Finance Co. (NASDAQ:HRZN - Get Rating) - B. Riley issued their Q1 2023 EPS estimates for Horizon Technology Finance in a report issued on Friday, September 16th. B. Riley analyst B. Rowe expects that the investment management company will post earnings of $0.29 per share for the quarter. B. Riley currently has a "Neutral" rating and a $10.50 price target on the stock. The consensus estimate for Horizon Technology Finance's current full-year earnings is $1.29 per share. B. Riley also issued estimates for Horizon Technology Finance's Q2 2023 earnings at $0.32 EPS, Q3 2023 earnings at $0.33 EPS and Q4 2023 earnings at $0.35 EPS.
Horizon Technology Finance (NASDAQ:HRZN - Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The investment management company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Horizon Technology Finance had a net margin of 39.59% and a return on equity of 11.55%. During the same period in the previous year, the company earned $0.31 EPS.
Separately, UBS Group assumed coverage on shares of Horizon Technology Finance in a report on Friday, September 9th. They set a "neutral" rating and a $12.50 target price on the stock. One analyst has rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $11.50.
Horizon Technology Finance Stock Down 4.2 %
NASDAQ:HRZN opened at $11.59 on Monday. The stock has a market cap of $294.18 million, a P/E ratio of 9.58 and a beta of 1.01. The firm's fifty day simple moving average is $12.69 and its 200 day simple moving average is $12.78. Horizon Technology Finance has a twelve month low of $10.55 and a twelve month high of $19.08.
Horizon Technology Finance Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend is Wednesday, November 16th. Horizon Technology Finance's dividend payout ratio (DPR) is presently 99.17%.
Insider Activity
In other Horizon Technology Finance news, CEO Robert D. Jr. Pomeroy bought 4,000 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were purchased at an average price of $11.30 per share, for a total transaction of $45,200.00. Following the acquisition, the chief executive officer now owns 162,127 shares in the company, valued at approximately $1,832,035.10. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company's stock.
Hedge Funds Weigh In On Horizon Technology Finance
A number of hedge funds have recently bought and sold shares of the company. B. Riley Wealth Management Inc. bought a new position in Horizon Technology Finance in the 2nd quarter worth about $88,638,000. BDO Wealth Advisors LLC boosted its stake in Horizon Technology Finance by 146.4% in the 2nd quarter. BDO Wealth Advisors LLC now owns 5,890 shares of the investment management company's stock worth $68,000 after purchasing an additional 3,500 shares in the last quarter. Millennium Management LLC boosted its stake in Horizon Technology Finance by 15.9% in the 2nd quarter. Millennium Management LLC now owns 52,652 shares of the investment management company's stock worth $608,000 after purchasing an additional 7,224 shares in the last quarter. Natixis Advisors L.P. raised its position in Horizon Technology Finance by 3.5% in the 2nd quarter. Natixis Advisors L.P. now owns 49,522 shares of the investment management company's stock worth $571,000 after buying an additional 1,659 shares during the last quarter. Finally, Virtus ETF Advisers LLC raised its position in Horizon Technology Finance by 42.9% in the 2nd quarter. Virtus ETF Advisers LLC now owns 52,073 shares of the investment management company's stock worth $601,000 after buying an additional 15,639 shares during the last quarter. Institutional investors own 12.53% of the company's stock.
About Horizon Technology Finance
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.
See Also
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