Horizon Technology Finance Corporation (NASDAQ:HRZN) Shares Will Pay Monthly Dividend of $0.06

Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend on Thursday, November 5th. Stockholders of record on Thursday, February 18th will be given a dividend of $0.06 per share by the investment management company on Tuesday, March 16th. This represents a $0.72 annualized dividend and a dividend yield of 18.1%. The ex-dividend date is Thursday, February 18th.

Horizon Technology Finance has a dividend payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Horizon Technology Finance to earn $0.71 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 101.4%.

Horizon Technology Finance Price Performance

Shares of HRZN stock traded up $0.01 during mid-day trading on Friday, hitting $3.98. The stock had a trading volume of 495,433 shares, compared to its average volume of 816,910. The company’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $4.75. Horizon Technology Finance has a fifty-two week low of $3.70 and a fifty-two week high of $6.85. The firm has a market cap of $266.46 million, a PE ratio of 11.01 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. The business had revenue of $24.06 million during the quarter, compared to analysts’ expectations of $25.12 million. On average, analysts expect that Horizon Technology Finance will post 0.63 EPS for the current year.

Institutional Trading of Horizon Technology Finance

Several large investors have recently bought and sold shares of HRZN. Legal & General Group Plc acquired a new position in Horizon Technology Finance during the second quarter worth about $1,821,000. Bank of America Corp DE purchased a new stake in shares of Horizon Technology Finance in the second quarter valued at about $1,068,000. Green Alpha Advisors LLC acquired a new stake in shares of Horizon Technology Finance in the second quarter valued at approximately $2,033,000. BlackRock Inc. acquired a new stake in shares of Horizon Technology Finance in the second quarter valued at approximately $856,000. Finally, Chapin Davis Inc. acquired a new stake in shares of Horizon Technology Finance in the second quarter valued at approximately $60,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company that has elected to be regulated as a business development company. It provides secured venture loans to development-stage companies backed by venture capital or private equity investors.

The company primarily finances businesses in the technology, life sciences, healthcare information and sustainability sectors. Its lending solutions are designed to support needs such as product development, commercialization, acquisitions, working capital and other corporate purposes.