Horizon Technology Finance Corporation (HRZN) To Go Ex-Dividend on January 19th

Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend on Thursday, November 5th. Shareholders of record on Tuesday, January 19th will be paid a dividend of $0.06 per share by the investment management company on Wednesday, February 17th. This represents a $0.72 dividend on an annualized basis and a yield of 18.2%. The ex-dividend date of this dividend is Tuesday, January 19th.

Horizon Technology Finance has a dividend payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Horizon Technology Finance to earn $0.71 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 101.4%.

Horizon Technology Finance Price Performance

HRZN stock opened at $3.96 on Friday. Horizon Technology Finance has a 52 week low of $3.70 and a 52 week high of $6.85. The company has a market cap of $265.44 million, a price-to-earnings ratio of -5.28 and a beta of 1.00. The business has a fifty day simple moving average of $4.46 and a 200-day simple moving average of $4.74.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Horizon Technology Finance had a net margin of 5.27% and a return on equity of 11.15%. The company had revenue of $24.06 million for the quarter, compared to the consensus estimate of $25.12 million. As a group, analysts expect that Horizon Technology Finance will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HRZN shares. Compass Point assumed coverage on Horizon Technology Finance in a research note on Thursday, August 27th. They set a “buy” rating and a $5.50 price objective on the stock. Weiss Ratings cut Horizon Technology Finance from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, August 19th. Oppenheimer decreased their price target on Horizon Technology Finance from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Friday, August 7th. UBS Group upped their price objective on shares of Horizon Technology Finance from $4.25 to $4.50 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods cut their price target on Horizon Technology Finance from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.00.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company that has elected to be regulated as a business development company. It provides secured venture loans to development-stage companies backed by venture capital or private equity investors.

The company primarily finances businesses in the technology, life sciences, healthcare information and sustainability sectors. Its lending solutions are designed to support needs such as product development, commercialization, acquisitions, working capital and other corporate purposes.