Horizon Technology Finance Co. expects earnings of $0.29 per share in the first quarter of 2023 (NASDAQ:HRZN)


Horizon Technology Finance Co. (NASDAQ:HRZN – Get Rating) – B. Riley put Horizon Technology Finance’s first quarter 2023 EPS estimate at issued. B. Riley analyst B. Rowe expects the investment management firm to post earnings of $0.29 per share in the quarter. B. Riley’s current rating is Neutral and the stock price target is his $10.50. Horizon Technology Finance’s current consensus estimate for annual earnings is $1.29 per share. B. Riley also estimates Horizon Technology Finance’s second quarter 2023 earnings at EPS of $0.32, third quarter 2023 earnings at EPS of $0.33, and fourth quarter 2023 earnings at EPS of $0.35. I’m here.

Horizon Technology Finance (NASDAQ:HRZN – Get Rating) last reported quarterly results on Tuesday, Aug. 2. The investment manager posted earnings per share of $0.35 for the quarter, beating consensus expectations of $0.31 by $0.04. Horizon Technology Finance had a net profit margin of 39.59% and a return on equity of 11.55%. His EPS earnings for the company in the same period last year were $0.31.

Separately, UBS Group featured shares in Horizon Technology Finance in its report on Friday, September 9th. They set a “neutral” rating and a price target of $12.50. One analyst gave the stock a sell rating and three analysts gave the company’s stock a hold rating. According to MarketBeat.com, the stock currently has an average rating of ‘Hold’ and a consensus target price of $11.50 for him.

Horizon Technology Finance shares drop 4.2%

NASDAQ:HRZN opened at $11.59 on Monday. The stock has a market cap of $294.18 million, a P/E of 9.58 and a beta of 1.01. The company has a 50-day simple moving average of $12.69 and a 200-day simple moving average of $12.78. Horizon Technology Finance has a 12-month low of $10.55 and a 12-month high of $19.08.

Horizon Technology Finance Announces Dividend

The company recently announced a monthly dividend payable on Thursday, December 15th. Dividends of $0.10 per share will be issued to shareholders of record on Thursday, November 17. This represents his $1.20 dividend and his 10.35% dividend yield on an annual basis. The ex-dividend date for this dividend is November 16 (Wednesday). Horizon Technology Finance’s dividend payout ratio (DPR) is currently 99.17%.

Insider activity

In another news from Horizon Technology Finance, CEO Robert D. Jr. Pomeroy purchased 4,000 shares of the company’s stock in a transaction on Tuesday, June 21st. Shares were purchased at an average price of $11.30 per share for a total trading value of $45,200.00. Post-acquisition, the CEO now owns 162,127 shares in the company, valued at approximately $1,832,035.10. The acquisition was disclosed in SEC filings available at this link. A company insider owns his 1.50% of the company’s shares.

Hedge fund joins Horizon Technology Finance

Recently, a number of hedge funds have bought and sold shares in the company. B. Riley Wealth Management Inc. purchased a new position in Horizon Technology Finance in the second quarter for approximately $88,638,000. BDO Wealth Advisors LLC increased its stake in Horizon Technology Finance by 146.4% in the second quarter. BDO Wealth Advisors LLC now owns 5,890 shares of the investment management company worth $68,000 after purchasing an additional 3,500 of his shares last quarter. Millennium Management LLC increased its stake in Horizon Technology Finance by 15.9% in the second quarter. Millennium Management LLC now owns 52,652 shares of the investment management company worth $608,000 after purchasing an additional 7,224 of his shares last quarter. Natixis Advisors LP increased its position in Horizon Technology Finance by 3.5% in the second quarter. Natixis Advisors LP now owns 49,522 shares of the investment management company worth $571,000 after purchasing an additional 1,659 shares last quarter. Finally, Virtus ETF Advisers LLC increased its position in Horizon Technology Finance by 42.9% in Q2. Virtus ETF Advisers LLC now owns 52,073 shares of the investment management company, valued at $601,000, after purchasing an additional 15,639 shares during the previous quarter. Institutional investors own 12.53% of the company’s shares.

About Horizon Technology Finance

(get rating)

Horizon Technology Finance Corporation is a business development firm that specializes in financing and investing in development stage investments. It focuses on investments in secured debt and venture financing for venture capital-backed companies in the technology, life sciences, healthcare information and services, and cleantech industries.

Related item

Horizon Technology Finance (NASDAQ:HRZN) earnings history and estimates

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

Listen to this before you consider Horizon Technology Finance.

MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market catches on…and Horizon Technology Finance listed was not in

Horizon Technology Finance currently has a ‘Hold’ rating among analysts, but top-rated analysts believe these five stocks are better buys.

See 5 stocks here