Wall Street analysts expect that Horizon Technology Finance Corporation (NASDAQ:HRZN) will announce sales of $6.60 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Horizon Technology Finance’s earnings. The lowest sales estimate is $6.39 million and the highest is $6.91 million. Horizon Technology Finance reported sales of $6.99 million during the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The company is expected to announce its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Horizon Technology Finance will report full year sales of $6.60 million for the current financial year, with estimates ranging from $26.00 million to $26.52 million. For the next financial year, analysts expect that the business will post sales of $28.42 million per share, with estimates ranging from $27.00 million to $29.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Horizon Technology Finance.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, October 31st. The investment management company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Horizon Technology Finance had a net margin of 24.46% and a return on equity of 9.96%. The firm had revenue of $6.77 million for the quarter, compared to the consensus estimate of $6.39 million.

HRZN has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Raymond James Financial upgraded shares of Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a report on Thursday, November 2nd. National Securities cut shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $10.00 price target for the company. in a report on Tuesday, October 17th. ValuEngine upgraded shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, TheStreet upgraded shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Horizon Technology Finance presently has an average rating of “Hold” and a consensus target price of $10.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its stake in shares of Horizon Technology Finance by 8.4% in the third quarter. Advisors Asset Management Inc. now owns 349,600 shares of the investment management company’s stock valued at $3,884,000 after buying an additional 27,218 shares during the period. WFG Advisors LP lifted its stake in shares of Horizon Technology Finance by 30.8% in the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock valued at $283,000 after buying an additional 5,878 shares during the period. Shelton Capital Management bought a new stake in shares of Horizon Technology Finance in the third quarter valued at about $244,000. Royal Bank of Canada lifted its stake in shares of Horizon Technology Finance by 25.8% in the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock valued at $235,000 after buying an additional 4,252 shares during the period. Finally, Investment Centers of America Inc. bought a new stake in shares of Horizon Technology Finance in the second quarter valued at about $136,000. Institutional investors and hedge funds own 17.05% of the company’s stock.

Shares of Horizon Technology Finance (HRZN) opened at $11.30 on Wednesday. Horizon Technology Finance has a fifty-two week low of $9.66 and a fifty-two week high of $11.81. The stock has a market cap of $130.15, a PE ratio of 19.82 and a beta of 0.87.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 22nd will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.62%. The ex-dividend date of this dividend is Friday, January 19th. Horizon Technology Finance’s payout ratio is presently 210.53%.

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Horizon Technology Finance 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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