Somewhat Positive News Coverage Somewhat Unlikely to Affect Horizon Technology Finance Corporation (HRZN) Stock Price
News headlines about Horizon Technology Finance Corporation (NASDAQ:HRZN) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Horizon Technology Finance Corporation earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 45.3755002040042 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Brokerages Anticipate Horizon Technology Finance Corporation (HRZN) to Post $0.29 Earnings Per Share (americanbankingnews.com)
- Tale of the Ticker: Horizon Technology Finance Corp (HRZN) Moves on Volume – Sheridan Daily (sheridandaily.com)
- Horizon Technology Finance Corporation – Newburgh Gazette – Newburgh Gazette (newburghgazette.com)
- Horizon Technology Finance Corp (HRZN) Closes Above PSAR – Sparta Review (spartareview.com)
- Horizon Technology Finance Corp (HRZN), and First Trust RiverFront Dynamic Developed Intl ETF (RFDI) Seeing … – FLBC News (flbcnews.com)
Shares of Horizon Technology Finance Corporation (HRZN) opened at 10.58 on Friday. The company has a 50-day moving average price of $10.86 and a 200 day moving average price of $11.12. Horizon Technology Finance Corporation has a 12-month low of $9.64 and a 12-month high of $13.79.
Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, August 1st. The investment management company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.03. The company had revenue of $5.88 million for the quarter, compared to analysts’ expectations of $6.71 million. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The business’s revenue for the quarter was down 35.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. Equities research analysts expect that Horizon Technology Finance Corporation will post $1.09 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.34%. The ex-dividend date of this dividend is Wednesday, October 18th. Horizon Technology Finance Corporation’s dividend payout ratio is currently -749.95%.
HRZN has been the topic of a number of analyst reports. Compass Point restated a “sell” rating and set a $10.00 target price on shares of Horizon Technology Finance Corporation in a research report on Thursday, July 6th. National Securities reiterated a “neutral” rating and issued a $11.00 price objective on shares of Horizon Technology Finance Corporation in a report on Monday, May 8th. Zacks Investment Research cut Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $11.00 price objective on Horizon Technology Finance Corporation and gave the stock a “hold” rating in a report on Wednesday, May 31st. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Horizon Technology Finance Corporation in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.20.
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Horizon Technology Finance Corporation Company Profile
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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