Equities analysts expect that Horizon Technology Finance Corp (NASDAQ:HRZN) will post earnings per share (EPS) of $0.34 for the current quarter, according to Zacks. Two analysts have made estimates for Horizon Technology Finance’s earnings, with estimates ranging from $0.30 to $0.37. Horizon Technology Finance posted earnings per share of $0.21 in the same quarter last year, which would suggest a positive year-over-year growth rate of 61.9%. The firm is scheduled to issue its next 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 financial year, with EPS estimates ranging from $1.16 to $1.23. For the next year, analysts expect that the business will post earnings of $1.20 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Horizon Technology Finance.

A number of brokerages have commented on HRZN. Zacks Investment Research cut Horizon Technology Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. National Securities restated a “neutral” rating and issued a $11.00 price target on shares of Horizon Technology Finance in a research report on Friday, November 2nd. Finally, Keefe, Bruyette & Woods cut Horizon Technology Finance from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $10.50 to $10.00 in a research report on Sunday, October 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Horizon Technology Finance presently has an average rating of “Hold” and a consensus price target of $11.50.

An institutional investor recently raised its position in Horizon Technology Finance stock. Rehmann Capital Advisory Group increased its holdings in shares of Horizon Technology Finance Corp (NASDAQ:HRZN) by 1,040.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,997 shares of the investment management company’s stock after purchasing an additional 4,559 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Horizon Technology Finance were worth $438,000 at the end of the most recent reporting period. Institutional investors own 11.32% of the company’s stock.

HRZN traded down $0.03 during midday trading on Monday, reaching $12.20. The company had a trading volume of 62,500 shares, compared to its average volume of 63,982. The stock has a market cap of $139.05 million, a price-to-earnings ratio of 11.40 and a beta of 0.77. Horizon Technology Finance has a 1 year low of $9.92 and a 1 year high of $12.34.

Horizon Technology Finance Company Profile

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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