Horizon Technology Finance Corp (NASDAQ:HRZN) announced a dividend on Friday, October 25th, Fidelity reports. Investors of record on Friday, January 17th will be paid a dividend of 0.10 per share by the investment management company on Friday, February 14th. The ex-dividend date of this dividend is Thursday, January 16th.
Horizon Technology Finance has decreased its dividend payment by an average of 4.2% per year over the last three years. Horizon Technology Finance has a payout ratio of 86.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Horizon Technology Finance to earn $1.26 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 95.2%.
Shares of Horizon Technology Finance stock opened at $13.63 on Tuesday. The company has a fifty day moving average price of $12.62 and a 200 day moving average price of $12.20. Horizon Technology Finance has a twelve month low of $11.18 and a twelve month high of $13.67. The stock has a market cap of $194.82 million, a price-to-earnings ratio of 11.36 and a beta of 0.68.
Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, October 29th. The investment management company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. Horizon Technology Finance had a net margin of 41.04% and a return on equity of 11.68%. The firm had revenue of $11.38 million for the quarter. On average, analysts predict that Horizon Technology Finance will post 1.35 earnings per share for the current year.
A number of equities analysts have commented on HRZN shares. Janney Montgomery Scott started coverage on shares of Horizon Technology Finance in a report on Monday, October 28th. They issued a “neutral” rating on the stock. ValuEngine upgraded shares of Horizon Technology Finance from a “sell” rating to a “hold” rating in a research note on Saturday, December 7th. Finally, Aegis began coverage on shares of Horizon Technology Finance in a research note on Monday, January 6th. They issued a “hold” rating and a $13.10 target price on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.37.
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.
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