Horizon Technology Finance Corporation (HRZN) Receiving Favorable Media Coverage, Analysis Shows

Media headlines about Horizon Technology Finance Corporation (NASDAQ:HRZN) have trended positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Horizon Technology Finance Corporation earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 46.3909769181706 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Horizon Technology Finance Corporation (HRZN) traded up $0.21 on Tuesday, reaching $11.24. The company had a trading volume of 71,300 shares, compared to its average volume of 56,675. The company has a market cap of $129.69, a P/E ratio of 9.27 and a beta of 0.87. Horizon Technology Finance Corporation has a 52 week low of $9.66 and a 52 week high of $11.75.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last issued its earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $6.77 million for the quarter, compared to the consensus estimate of $6.39 million. Horizon Technology Finance Corporation had a return on equity of 9.96% and a net margin of 24.46%. equities analysts predict that Horizon Technology Finance Corporation will post 1.12 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.68%. The ex-dividend date of this dividend is Friday, January 19th. Horizon Technology Finance Corporation’s dividend payout ratio is presently 210.53%.

Several research analysts have recently commented on HRZN shares. Zacks Investment Research downgraded Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. ValuEngine downgraded Horizon Technology Finance Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Raymond James Financial, Inc. raised Horizon Technology Finance Corporation from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. National Securities downgraded Horizon Technology Finance Corporation from a “neutral” rating to a “sell” rating and set a $10.00 price objective on the stock. in a research note on Tuesday, October 17th. Finally, Maxim Group reaffirmed a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Horizon Technology Finance Corporation presently has an average rating of “Hold” and an average price target of $10.75.

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Horizon Technology Finance Corporation Company Profile

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

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