Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) issued its earnings results on Tuesday. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03), Zacks reports. Horizon Technology Finance had a negative net margin of 21.19% and a positive return on equity of 17.39%. The company had revenue of $24.56 million during the quarter, compared to analyst estimates of $25.38 million. During the same quarter in the previous year, the company posted $0.53 EPS.
Horizon Technology Finance Price Performance
Shares of HRZN stock traded up $0.01 during mid-day trading on Thursday, hitting $9.70. The stock had a trading volume of 51,874 shares, compared to its average volume of 284,193. Horizon Technology Finance has a fifty-two week low of $9.30 and a fifty-two week high of $13.73. The company’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $11.38. The firm has a market cap of $339.70 million, a PE ratio of -23.07 and a beta of 1.23.
Horizon Technology Finance Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 13.61%. The ex-dividend date of this dividend is Friday, November 15th. Horizon Technology Finance’s dividend payout ratio is presently -314.29%.
Analyst Upgrades and Downgrades
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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, cleantech and sustainability industries.
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