Horizon Technology Finance (NASDAQ:HRZN) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Horizon Technology Finance (NASDAQ:HRZN) released its earnings results on Tuesday. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02, Zacks reports. Horizon Technology Finance had a negative net margin of 12.40% and a positive return on equity of 17.98%. The business had revenue of $25.68 million for the quarter, compared to analysts’ expectations of $26.74 million. During the same period last year, the company earned $0.54 earnings per share.

Horizon Technology Finance Price Performance

NASDAQ HRZN traded down $0.42 during mid-day trading on Wednesday, hitting $11.64. The company’s stock had a trading volume of 406,944 shares, compared to its average volume of 254,028. Horizon Technology Finance has a 52-week low of $10.75 and a 52-week high of $13.73. The stock’s fifty day simple moving average is $12.00 and its two-hundred day simple moving average is $12.06. The firm has a market capitalization of $407.63 million, a P/E ratio of -27.71 and a beta of 1.24.

Horizon Technology Finance Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 16th will be given a $0.11 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.32 annualized dividend and a dividend yield of 11.34%. Horizon Technology Finance’s dividend payout ratio is presently -314.28%.

About Horizon Technology Finance

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.