Horizon Technology Finance Co. (NASDAQ:HRZN – Get Rated) – B. Riley released its first quarter 2023 EPS estimates for Horizon Technology Finance in a report issued on Friday, September 16. B. Riley analyst B. Rowe expects the investment management firm to 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 published its quarterly earnings results on Tuesday, August 2. The investment management firm reported earnings per share of $0.35 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 of the previous year, the company earned $0.31 EPS.
Separately, UBS Group took over coverage of Horizon Technology Finance shares in a report on Friday, September 9. They set a “neutral” rating and $12.50 price target on the stock. One analyst has rated the shares a sell rating and three have given the company’s shares a hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.50.
Horizon Technology Finance shares fell 4.2%
NASDAQ:HRZN opened at $11.59 on Monday. The stock has a market capitalization of $294.18 million, a P/E ratio of 9.58, and a beta of 1.01. The company’s 50-day simple moving average is $12.69 and its 200-day simple moving average is $12.78. Horizon Technology Finance has a twelve month minimum of $10.55 and a twelve month maximum of $19.08.
Horizon Technology Finance Announces Dividends
The firm also recently announced a monthly dividend, to be paid on Thursday, December 15. Shareholders of record on Thursday, November 17 will receive a dividend of $0.10 per share. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend is Wednesday, November 16. Horizon Technology Finance’s Dividend Payout Ratio (DPR) is currently 99.17%.
internal activity
In other news from Horizon Technology Finance, CEO Robert D. Jr. Pomeroy purchased 4,000 shares of the company in a transaction on Tuesday, June 21. 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 CEO now owns 162,127 shares of 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. The members of the company own 1.50% of the shares of the company.
Hedge funds weigh in on Horizon Technology Finance
Several hedge funds have recently bought and sold shares of 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 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 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 during the last quarter. Finally, Virtus ETF Advisers LLC increased its position in Horizon Technology Finance by 42.9% in the second quarter. Virtus ETF Advisers LLC now owns 52,073 shares of the investment management company worth $601,000 after purchasing an additional 15,639 shares during the last quarter. Institutional investors own 12.53% of the company’s shares.
About Horizon Technology Finance
(Get rating)
Horizon Technology Finance Corporation is a business development company that specializes in development-stage loans and investments. It focuses on making secured debt investments and venture loans for venture capital-backed companies in the technology, life sciences, healthcare information and services, and cleantech industries.
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