Horizon Technology Finance Corporation (NASDAQ:HRZN – Get Free Report) declared a monthly dividend on Thursday, July 30th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.06 per share by the investment management company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 14.7%. The ex-dividend date is Wednesday, September 16th.
Horizon Technology Finance has increased its dividend by an average of 0.0%per year over the last three years. Horizon Technology Finance has a dividend payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Horizon Technology Finance to earn $0.71 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 101.4%.
Horizon Technology Finance Price Performance
Horizon Technology Finance stock opened at $4.90 on Monday. The company’s 50-day moving average price is $4.70 and its two-hundred day moving average price is $4.53. The stock has a market cap of $328.45 million, a P/E ratio of 13.61 and a beta of 0.99. Horizon Technology Finance has a twelve month low of $3.80 and a twelve month high of $6.97.
Hedge Funds Weigh In On Horizon Technology Finance
A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new stake in shares of Horizon Technology Finance during the 2nd quarter worth $60,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Horizon Technology Finance in the 2nd quarter valued at approximately $54,000. Sanctuary Advisors LLC bought a new stake in shares of Horizon Technology Finance during the 1st quarter valued at approximately $50,000. HRT Financial LP bought a new stake in shares of Horizon Technology Finance during the fourth quarter worth $77,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in Horizon Technology Finance in the first quarter valued at about $52,000. Institutional investors and hedge funds own 4.94% of the company’s stock.
About Horizon Technology Finance
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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