Headlines about Horizon Technology Finance (NASDAQ:HRZN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Horizon Technology Finance earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 45.916043082953 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Edited Transcript of HRZN earnings conference call or presentation 7-Mar-18 2:00pm GMT (finance.yahoo.com)
- Analysts Expect Horizon Technology Finance Corp (HRZN) Will Post Earnings of $0.29 Per Share (americanbankingnews.com)
- Horizon Technology Finance Corp (HRZN) Director Joseph J. Savage Purchases 10,000 Shares (americanbankingnews.com)
- Horizon Technology Finance Corporation – Receive News & Ratings Daily – Flаtlаnd Nеws (flatlandnews.com)
- Horizon Technology Finance Corporation (HRZN) Ex-Dividend Date Scheduled for March 16, 2018 – Nasdaq (nasdaq.com)
Several equities analysts have commented on HRZN shares. Maxim Group reissued a “buy” rating and set a $12.00 target price on shares of Horizon Technology Finance in a research report on Wednesday, March 7th. National Securities raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and raised their price target for the company from $10.00 to $11.00 in a research report on Thursday, March 8th. Finally, Wells Fargo downgraded Horizon Technology Finance from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.00.
Shares of Horizon Technology Finance (NASDAQ:HRZN) opened at $10.60 on Tuesday. Horizon Technology Finance has a one year low of $9.66 and a one year high of $11.88. The firm has a market cap of $122.78, a PE ratio of 12.62 and a beta of 0.82.
Horizon Technology Finance (NASDAQ:HRZN) last released its earnings results on Tuesday, March 6th. The investment management company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). Horizon Technology Finance had a net margin of 37.21% and a return on equity of 8.99%. The company had revenue of $6.16 million during the quarter, compared to the consensus estimate of $6.60 million. equities analysts expect that Horizon Technology Finance will post 1.12 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Investors of record on Thursday, April 19th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.32%. The ex-dividend date is Wednesday, April 18th. Horizon Technology Finance’s payout ratio is presently 142.86%.
In related news, Director Joseph J. Savage bought 10,000 shares of Horizon Technology Finance stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average price of $10.60 per share, for a total transaction of $106,000.00. Following the completion of the purchase, the director now owns 18,500 shares in the company, valued at $196,100. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.
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About Horizon Technology Finance
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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