Horizon Technology Finance Corporation (NASDAQ:HRZN – Get Free Report) announced a monthly dividend on Tuesday, August 4th. Investors of record on Tuesday, November 17th will be given a dividend of 0.06 per share by the investment management company on Tuesday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date of this dividend is Tuesday, November 17th.
Horizon Technology Finance has raised its dividend by an average of 0.0%annually over the last three years. Horizon Technology Finance has a dividend payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Horizon Technology Finance to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 88.9%.
Horizon Technology Finance Price Performance
Shares of HRZN stock opened at $4.38 on Thursday. The business’s fifty day moving average price is $4.49 and its 200 day moving average price is $4.86. The firm has a market capitalization of $298.98 million, a PE ratio of 12.17 and a beta of 0.98. Horizon Technology Finance has a 1-year low of $3.80 and a 1-year high of $7.76.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on HRZN shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Horizon Technology Finance in a report on Friday, May 8th. Zacks Research raised shares of Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, UBS Group lowered their target price on shares of Horizon Technology Finance from $4.50 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.65.
Check Out Our Latest Research Report on Horizon Technology Finance
Horizon Technology Finance Company Profile
Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.
Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.
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