Horizon Technology Finance Co. (NASDAQ:HRZN – Get Rating) – B. Riley put Horizon Technology Finance’s first quarter 2023 EPS estimate at issued. B. Riley analyst B. Rowe expects the investment management firm to post earnings of $0.29 per share in the quarter. B. Riley’s current rating is Neutral and the stock price target is his $10.50. Horizon Technology Finance’s current consensus estimate for annual earnings is $1.29 per share. B. Riley also estimates Horizon Technology Finance’s second quarter 2023 earnings at EPS of $0.32, third quarter 2023 earnings at EPS of $0.33, and fourth quarter 2023 earnings at EPS of $0.35. I’m here.
Horizon Technology Finance (NASDAQ:HRZN – Get Rating) last reported quarterly results on Tuesday, Aug. 2. The investment manager posted earnings per share of $0.35 for the quarter, beating consensus expectations of $0.31 by $0.04. Horizon Technology Finance had a net profit margin of 39.59% and a return on equity of 11.55%. His EPS earnings for the company in the same period last year were $0.31.
Separately, UBS Group featured shares in Horizon Technology Finance in its report on Friday, September 9th. They set a “neutral” rating and a price target of $12.50. One analyst gave the stock a sell rating and three analysts gave the company’s stock a hold rating. According to MarketBeat.com, the stock currently has an average rating of ‘Hold’ and a consensus target price of $11.50 for him.
Horizon Technology Finance shares drop 4.2%
NASDAQ:HRZN opened at $11.59 on Monday. The stock has a market cap of $294.18 million, a P/E of 9.58 and a beta of 1.01. The company has a 50-day simple moving average of $12.69 and a 200-day simple moving average of $12.78. Horizon Technology Finance has a 12-month low of $10.55 and a 12-month high of $19.08.
Horizon Technology Finance Announces Dividend
The company recently announced a monthly dividend payable on Thursday, December 15th. Dividends of $0.10 per share will be issued to shareholders of record on Thursday, November 17. This represents his $1.20 dividend and his 10.35% dividend yield on an annual basis. The ex-dividend date for this dividend is November 16 (Wednesday). Horizon Technology Finance’s dividend payout ratio (DPR) is currently 99.17%.
Insider activity
In another news from Horizon Technology Finance, CEO Robert D. Jr. Pomeroy purchased 4,000 shares of the company’s stock in a transaction on Tuesday, June 21st. Shares were purchased at an average price of $11.30 per share for a total trading value of $45,200.00. Post-acquisition, the CEO now owns 162,127 shares in the company, valued at approximately $1,832,035.10. The acquisition was disclosed in SEC filings available at this link. A company insider owns his 1.50% of the company’s shares.
Hedge fund joins Horizon Technology Finance
Recently, a number of hedge funds have bought and sold shares in the company. B. Riley Wealth Management Inc. purchased a new position in Horizon Technology Finance in the second quarter for approximately $88,638,000. BDO Wealth Advisors LLC increased its stake in Horizon Technology Finance by 146.4% in the second quarter. BDO Wealth Advisors LLC now owns 5,890 shares of the investment management company worth $68,000 after purchasing an additional 3,500 of his shares last quarter. Millennium Management LLC increased its stake in Horizon Technology Finance by 15.9% in the second quarter. Millennium Management LLC now owns 52,652 shares of the investment management company worth $608,000 after purchasing an additional 7,224 of his shares last quarter. Natixis Advisors LP increased its position in Horizon Technology Finance by 3.5% in the second quarter. Natixis Advisors LP now owns 49,522 shares of the investment management company worth $571,000 after purchasing an additional 1,659 shares last quarter. Finally, Virtus ETF Advisers LLC increased its position in Horizon Technology Finance by 42.9% in Q2. Virtus ETF Advisers LLC now owns 52,073 shares of the investment management company, valued at $601,000, after purchasing an additional 15,639 shares during the previous quarter. Institutional investors own 12.53% of the company’s shares.
About Horizon Technology Finance
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Horizon Technology Finance Corporation is a business development firm that specializes in financing and investing in development stage investments. It focuses on investments in secured debt and venture financing for venture capital-backed companies in the technology, life sciences, healthcare information and services, and cleantech industries.
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