Horizon Technology Finance (HRZN) Getting Somewhat Favorable Press Coverage, Analysis Shows
Press coverage about Horizon Technology Finance (NASDAQ:HRZN) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive media 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 closest to one being the most favorable. Horizon Technology Finance earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 45.264061562949 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Horizon Tech stakes $15M in nasal-device maker (hartfordbusiness.com)
- Aerin Medical Closes $15m Venture Loan Facility (finsmes.com)
- Horizon Technology Finance Provides $15 Million Venture Loan … – PR Newswire (press release) (prnewswire.com)
- Horizon Technology Finance Provides $15 Million Venture Loan Facility to Aerin Medical (finance.yahoo.com)
A number of analysts have recently weighed in on HRZN shares. Zacks Investment Research raised Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet raised Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. National Securities reissued a “sell” rating and issued a $10.00 price objective on shares of Horizon Technology Finance in a research report on Thursday, November 2nd. Maxim Group raised Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, August 23rd. Finally, ValuEngine cut Horizon Technology Finance from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.75.
Shares of Horizon Technology Finance (NASDAQ:HRZN) opened at $11.03 on Friday. Horizon Technology Finance has a 52-week low of $9.66 and a 52-week high of $11.75. The company has a market capitalization of $126.70, a PE ratio of 9.24 and a beta of 0.84.
Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Tuesday, October 31st. The investment management company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. Horizon Technology Finance had a return on equity of 9.96% and a net margin of 24.46%. The company had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $6.39 million. research analysts predict that Horizon Technology Finance will post 1.12 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, January 19th. This represents a $1.20 dividend on an annualized basis and a yield of 10.88%. Horizon Technology Finance’s dividend payout ratio is currently 210.53%.
About Horizon Technology Finance
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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