Horizon Technology Finance (NASDAQ:HRZN – Get Rating) is set to issue its quarterly earnings data after the market closes on Tuesday, August 2nd. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Horizon Technology Finance (NASDAQ:HRZN – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The firm had revenue of $14.20 million for the quarter, compared to analysts’ expectations of $14.34 million. Horizon Technology Finance had a net margin of 41.45% and a return on equity of 11.32%. During the same quarter last year, the firm earned $0.31 earnings per share. On average, analysts expect Horizon Technology Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Horizon Technology Finance Price Performance

HRZN opened at $12.21 on Tuesday. The company has a fifty day moving average price of $11.83 and a 200-day moving average price of $13.53. The firm has a market capitalization of $292.80 million, a P/E ratio of 9.85 and a beta of 1.00. Horizon Technology Finance has a one year low of $10.55 and a one year high of $19.08.

Horizon Technology Finance Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 18th will be given a $0.10 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $1.20 annualized dividend and a yield of 9.83%. Horizon Technology Finance’s dividend payout ratio (DPR) is presently 96.77%.

Wall Street Analyst Weigh In

HRZN has been the subject of several research reports. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 4th. StockNews.com initiated coverage on shares of Horizon Technology Finance in a research report on Thursday, March 31st. They issued a “sell” rating for the company.

Insider Buying and Selling at Horizon Technology Finance

In other Horizon Technology Finance news, CEO Robert D. Jr. Pomeroy purchased 4,000 shares of the business’s stock in a transaction on Friday, May 6th. The stock was acquired at an average cost of $12.73 per share, for a total transaction of $50,920.00. Following the completion of the transaction, the chief executive officer now directly owns 155,539 shares in the company, valued at approximately $1,980,011.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Horizon Technology Finance news, CEO Robert D. Jr. Pomeroy purchased 4,000 shares of the business’s stock in a transaction on Friday, May 6th. The stock was acquired at an average cost of $12.73 per share, for a total transaction of $50,920.00. Following the completion of the transaction, the chief executive officer now directly owns 155,539 shares in the company, valued at approximately $1,980,011.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Gerald A. Michaud purchased 3,050 shares of the business’s stock in a transaction on Monday, May 9th. The shares were acquired at an average price of $12.06 per share, with a total value of $36,783.00. Following the completion of the transaction, the president now owns 121,899 shares of the company’s stock, valued at $1,470,101.94. The disclosure for this purchase can be found here. Insiders acquired a total of 26,464 shares of company stock worth $319,271 over the last three months. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Horizon Technology Finance

Several hedge funds and other institutional investors have recently modified their holdings of HRZN. PNC Financial Services Group Inc. bought a new position in shares of Horizon Technology Finance during the first quarter valued at about $28,000. Natixis Advisors L.P. raised its stake in shares of Horizon Technology Finance by 14.1% during the first quarter. Natixis Advisors L.P. now owns 47,863 shares of the investment management company’s stock valued at $665,000 after acquiring an additional 5,931 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Horizon Technology Finance by 8.0% during the first quarter. Mackenzie Financial Corp now owns 92,987 shares of the investment management company’s stock valued at $1,293,000 after acquiring an additional 6,885 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of Horizon Technology Finance by 1.7% during the first quarter. Eqis Capital Management Inc. now owns 192,095 shares of the investment management company’s stock valued at $2,670,000 after acquiring an additional 3,203 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Horizon Technology Finance by 366.2% during the first quarter. Royal Bank of Canada now owns 28,967 shares of the investment management company’s stock valued at $402,000 after acquiring an additional 22,753 shares during the last quarter. 11.30% of the stock is owned by institutional investors.

About Horizon Technology Finance

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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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