Horizon Technology Finance Co. (HRZN) to Issue Monthly Dividend of $0.10 on July 15th

Horizon Technological innovation Finance Co. (NASDAQ:HRZN – Get Ranking) declared a month-to-month dividend on Thursday, May possibly 5th, Wall Road Journal stories. Stockholders of history on Friday, June 17th will be compensated a dividend of .10 for every share by the expenditure management organization on Friday, July 15th. This represents a $1.20 dividend on an annualized foundation and a dividend yield of 9.38%. The ex-dividend day is Thursday, June 16th.

Horizon Technological innovation Finance has improved its dividend by an normal of 1.4% per calendar year in excess of the past a few decades. Horizon Technology Finance has a payout ratio of 83.9% which means its dividend is now coated by earnings, but may possibly not be in the upcoming if the company’s earnings tumble. Analysis analysts count on Horizon Technology Finance to get paid $1.41 for every share up coming year, which usually means the corporation should really carry on to be equipped to cover its $1.20 yearly dividend with an anticipated long term payout ratio of 85.1%.

Shares of HRZN inventory opened at $12.79 on Friday. The business’s fifty working day transferring average price tag is $13.97 and its 200 working day moving regular selling price is $15.48. The agency has a market capitalization of $306.70 million, a PE ratio of 10.31 and a beta of 1.01. Horizon Technological know-how Finance has a 1-year low of $11.62 and a 1-yr significant of $19.08.

Horizon Know-how Finance (NASDAQ:HRZN – Get Ranking) final issued its earnings outcomes on Tuesday, May possibly 3rd. The financial investment administration company documented $.26 earnings for every share (EPS) for the quarter, lacking analysts’ consensus estimates of $.29 by ($.03). Horizon Technology Finance had a web margin of 41.45% and a return on equity of 11.85%. Throughout the exact quarter in the previous year, the firm earned $.31 earnings for every share. On normal, equities study analysts anticipate that Horizon Engineering Finance will article 1.35 earnings for each share for the latest yr.

Significant investors have not too long ago created modifications to their positions in the small business. Invesco Ltd. greater its stake in shares of Horizon Know-how Finance by 8.3% in the fourth quarter. Invesco Ltd. now owns 57,891 shares of the expense management company’s stock really worth $922,000 soon after acquiring an additional 4,443 shares for the duration of the previous quarter. Marshall Wace LLP purchased a new posture in shares of Horizon Know-how Finance in the 4th quarter worth about $702,000. Morgan Stanley boosted its holdings in shares of Horizon Technological know-how Finance by 36.5% in the 2nd quarter. Morgan Stanley now owns 35,523 shares of the expense administration company’s inventory valued at $614,000 immediately after purchasing an added 9,507 shares for the duration of the time period. LPL Economic LLC grew its position in shares of Horizon Technological innovation Finance by 11.8% during the 4th quarter. LPL Financial LLC now owns 18,894 shares of the investment decision administration company’s stock valued at $301,000 immediately after shopping for an additional 2,000 shares all through the last quarter. At last, D. E. Shaw & Co. Inc. obtained a new stake in Horizon Technological know-how Finance through the fourth quarter well worth about $290,000. Institutional buyers have 11.30% of the company’s stock.

Numerous analysts have weighed in on the enterprise. StockNews.com assumed protection on Horizon Know-how Finance in a report on Thursday, March 31st. They issued a “sell” score on the inventory. Zacks Expense Research slice shares of Horizon Know-how Finance from a “buy” rating to a “hold” ranking in a investigation report on Friday, March 4th. At last, Compass Level upgraded shares of Horizon Technological know-how Finance from a “sell” score to a “neutral” score in a report on Wednesday. Just one financial investment analyst has rated the stock with a market ranking and 3 have supplied a hold score to the stock. Based mostly on data from MarketBeat.com, the inventory currently has a consensus ranking of “Hold” and a consensus price tag target of $16.25.

Horizon Technological know-how Finance Firm Profile (Get Rating)

Horizon Technology Finance Company is a organization development firm specializing in lending and and investing in advancement-stage investments. It focuses on making secured debt and venture lending investments to undertaking capital backed corporations in the technological know-how, daily life science, health care information and companies, and cleantech industries.

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