Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) posted its earnings results on Tuesday. The investment management company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02, Zacks reports. Horizon Technology Finance had a positive return on equity of 17.32% and a negative net margin of 21.19%. The firm had revenue of $25.68 million for the quarter, compared to analysts’ expectations of $26.74 million. During the same period last year, the firm earned $0.54 EPS.
Horizon Technology Finance Trading Down 0.2 %
Shares of NASDAQ HRZN traded down $0.02 during mid-day trading on Thursday, reaching $11.62. The company had a trading volume of 134,743 shares, compared to its average volume of 253,219. The stock has a market cap of $406.94 million, a PE ratio of -27.67 and a beta of 1.24. The company has a 50-day moving average price of $12.00 and a two-hundred day moving average price of $12.06. Horizon Technology Finance has a 1-year low of $10.75 and a 1-year high of $13.73.
Horizon Technology Finance Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 16th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.36%. The ex-dividend date of this dividend is Friday, August 16th. Horizon Technology Finance’s payout ratio is -314.29%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on HRZN
Horizon Technology Finance Company Profile
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, cleantech and sustainability industries.
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