Equities analysts expect Horizon Technology Finance Corp (NASDAQ:HRZN) to announce sales of $11.08 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Horizon Technology Finance’s earnings, with the lowest sales estimate coming in at $10.81 million and the highest estimate coming in at $11.34 million. Horizon Technology Finance posted sales of $10.47 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The business is expected to announce its next earnings report on Tuesday, August 4th.
According to Zacks, analysts expect that Horizon Technology Finance will report full-year sales of $44.08 million for the current fiscal year, with estimates ranging from $43.47 million to $44.68 million. For the next fiscal year, analysts anticipate that the business will report sales of $47.76 million, with estimates ranging from $45.62 million to $49.91 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Horizon Technology Finance.
Horizon Technology Finance (NASDAQ:HRZN) last announced its earnings results on Tuesday, April 28th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.07). The firm had revenue of $10.11 million during the quarter, compared to analyst estimates of $11.05 million. Horizon Technology Finance had a net margin of 35.08% and a return on equity of 12.25%.
In related news, President Gerald A. Michaud purchased 14,900 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of $11.70 per share, with a total value of $174,330.00. Also, CEO Robert D. Jr. Pomeroy purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $11.69 per share, with a total value of $116,900.00. Insiders acquired 31,400 shares of company stock valued at $346,025 over the last three months. Company insiders own 1.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of HRZN. Sowell Financial Services LLC boosted its stake in Horizon Technology Finance by 119.1% during the first quarter. Sowell Financial Services LLC now owns 4,020 shares of the investment management company’s stock valued at $33,000 after buying an additional 2,185 shares during the period. Great West Life Assurance Co. Can purchased a new stake in Horizon Technology Finance during the fourth quarter valued at about $57,000. Marshall Wace North America L.P. purchased a new position in shares of Horizon Technology Finance in the first quarter worth about $62,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Horizon Technology Finance in the first quarter worth about $85,000. Finally, Parisi Gray Wealth Management purchased a new position in shares of Horizon Technology Finance in the first quarter worth about $86,000. 9.16% of the stock is owned by hedge funds and other institutional investors.
Shares of Horizon Technology Finance stock traded up $0.07 during trading on Monday, reaching $10.88. 97,785 shares of the company’s stock were exchanged, compared to its average volume of 245,379. Horizon Technology Finance has a 1-year low of $4.51 and a 1-year high of $13.78. The company has a market cap of $183.77 million, a P/E ratio of 9.65 and a beta of 1.10. The firm’s 50-day moving average price is $10.80 and its 200 day moving average price is $11.15.
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 18th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date of this dividend is Monday, August 17th. Horizon Technology Finance’s dividend payout ratio is currently 78.95%.
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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