Horizon Technology Finance Co. (NASDAQ:HRZN) to Post Q3 2024 Earnings of $0.36 Per Share, B. Riley Forecasts

Horizon Technology Finance Co. (NASDAQ:HRZN) – Investment analysts at B. Riley dropped their Q3 2024 earnings per share (EPS) estimates for Horizon Technology Finance in a research report issued to clients and investors on Thursday, August 1st. B. Riley analyst B. Rowe now anticipates that the investment management company will post earnings per share of $0.36 for the quarter, down from their prior estimate of $0.38. B. Riley has a “Sell” rating and a $9.00 price target on the stock. The consensus estimate for Horizon Technology Finance’s current full-year earnings is $1.47 per share. B. Riley also issued estimates for Horizon Technology Finance’s Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $1.37 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.31 EPS and Q4 2025 earnings at $0.30 EPS.

Horizon Technology Finance (NASDAQ:HRZN) last issued its earnings results on Tuesday, July 30th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Horizon Technology Finance had a positive return on equity of 17.39% and a negative net margin of 21.19%. The business had revenue of $25.68 million during the quarter, compared to analysts’ expectations of $26.74 million. During the same quarter in the previous year, the business earned $0.54 EPS.

Separately, Keefe, Bruyette & Woods reduced their target price on shares of Horizon Technology Finance from $9.50 to $9.00 and set an “underperform” rating on the stock in a report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $9.70.

Horizon Technology Finance Stock Up 3.2 %

Shares of HRZN stock opened at $11.21 on Monday. Horizon Technology Finance has a fifty-two week low of $10.51 and a fifty-two week high of $13.73. The firm’s 50 day moving average price is $11.97 and its two-hundred day moving average price is $12.01. The stock has a market cap of $392.59 million, a price-to-earnings ratio of -26.69 and a beta of 1.24.

Horizon Technology Finance Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.78%. Horizon Technology Finance’s dividend payout ratio is currently -314.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Horizon Technology Finance in the 4th quarter worth $954,000. ETF Store Inc. boosted its holdings in Horizon Technology Finance by 10.8% in the fourth quarter. ETF Store Inc. now owns 47,648 shares of the investment management company’s stock valued at $628,000 after purchasing an additional 4,660 shares during the last quarter. Astoria Portfolio Advisors LLC. acquired a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $223,000. Sheaff Brock Investment Advisors LLC purchased a new stake in Horizon Technology Finance during the 4th quarter worth approximately $134,000. Finally, Cape Investment Advisory Inc. acquired a new position in shares of Horizon Technology Finance in the 4th quarter valued at approximately $56,000. 4.94% of the stock is currently owned by hedge funds and other institutional investors.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.