Equities research analysts expect that Horizon Technology Finance Corp (NASDAQ:HRZN) will report earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Horizon Technology Finance’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.37. Horizon Technology Finance reported earnings of $0.21 per share during the same quarter last year, which would indicate a positive year over year growth rate of 61.9%. The business is expected to report its next quarterly earnings results on Tuesday, March 5th.

On average, analysts expect that Horizon Technology Finance will report full year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.23. For the next year, analysts anticipate that the business will report earnings of $1.20 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Horizon Technology Finance.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, October 30th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Horizon Technology Finance had a return on equity of 9.14% and a net margin of 43.19%. The company had revenue of $7.80 million during the quarter, compared to analysts’ expectations of $7.70 million.

A number of analysts have recently issued reports on HRZN shares. Keefe, Bruyette & Woods cut Horizon Technology Finance from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $10.50 to $10.00 in a research report on Sunday, October 21st. National Securities reiterated a “neutral” rating and set a $11.00 target price on shares of Horizon Technology Finance in a research note on Friday, November 2nd. Finally, Zacks Investment Research upgraded Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Saturday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Horizon Technology Finance currently has a consensus rating of “Hold” and a consensus target price of $11.50.

HRZN opened at $11.72 on Friday. Horizon Technology Finance has a 12-month low of $9.92 and a 12-month high of $12.10. The company has a market capitalization of $132.05 million, a PE ratio of 10.95 and a beta of 0.72.

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Tuesday, December 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, December 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.24%. Horizon Technology Finance’s dividend payout ratio (DPR) is currently 112.15%.

A hedge fund recently raised its stake in Horizon Technology Finance stock. Rehmann Capital Advisory Group lifted its position in shares of Horizon Technology Finance Corp (NASDAQ:HRZN) by 1,040.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,997 shares of the investment management company’s stock after purchasing an additional 4,559 shares during the period. Rehmann Capital Advisory Group’s holdings in Horizon Technology Finance were worth $438,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 11.41% of the company’s stock.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.

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