Horizon Technology Finance Corporation (HRZN) Getting Somewhat Favorable Media Coverage, Analysis Finds
News headlines about Horizon Technology Finance Corporation (NASDAQ:HRZN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Horizon Technology Finance Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.3966276742495 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Reviewing Horizon Technology Finance Corporation (HRZN) and Its Competitors (americanbankingnews.com)
- Horizon Technology Finance Corporation To Redeem 7.375% Senior Notes Due 2019 – PR Newswire (press release) (prnewswire.com)
- BRIEF-Horizon Technology Finance Corporation to redeem 7.375% senior notes due 2019 (reuters.com)
- BRIEF-Horizon Technology Finance Corporation to redeem 7.375% senior notes due 2019 (HRZN) (markets.businessinsider.com)
Horizon Technology Finance Corporation (NASDAQ:HRZN) opened at 11.11 on Monday. Horizon Technology Finance Corporation has a 52 week low of $9.64 and a 52 week high of $13.79. The company’s 50-day moving average price is $10.58 and its 200 day moving average price is $11.06.
Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, August 1st. The investment management company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The firm had revenue of $5.88 million for the quarter, compared to analyst estimates of $6.71 million. During the same quarter last year, the firm earned $0.39 EPS. The company’s revenue was down 35.3% on a year-over-year basis. On average, equities analysts forecast that Horizon Technology Finance Corporation will post $1.09 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.80%. Horizon Technology Finance Corporation’s payout ratio is -749.95%.
Several research firms have commented on HRZN. Maxim Group raised shares of Horizon Technology Finance Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, August 23rd. ValuEngine downgraded shares of Horizon Technology Finance Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Horizon Technology Finance Corporation in a research report on Tuesday, July 25th. Compass Point upgraded shares of Horizon Technology Finance Corporation from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a research note on Monday, August 21st. Finally, National Securities reiterated a “neutral” rating and set a $10.00 price objective (down previously from $11.00) on shares of Horizon Technology Finance Corporation in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.20.
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About Horizon Technology Finance Corporation
Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.
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