Zacks: Brokerages Expect Horizon Technology Finance Corp (HRZN) Will Post Earnings of $0.26 Per Share

Analysts expect that Horizon Technology Finance Corp (NASDAQ:HRZN) will post $0.26 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Horizon Technology Finance’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.24. Horizon Technology Finance posted earnings of $0.33 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 21.2%. The business is expected to issue its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Horizon Technology Finance will report full-year earnings of $1.12 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.13. For the next fiscal year, analysts forecast that the business will report earnings of $1.09 per share, with EPS estimates ranging from $0.94 to $1.19. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Horizon Technology Finance.

Several research firms recently weighed in on HRZN. Zacks Investment Research upgraded shares of Horizon Technology Finance from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. National Securities reiterated a “sell” rating and issued a $10.00 target price on shares of Horizon Technology Finance in a report on Thursday, November 2nd. ValuEngine upgraded shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. Wells Fargo & Co downgraded shares of Horizon Technology Finance from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 9th. Finally, TheStreet upgraded shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Horizon Technology Finance has a consensus rating of “Hold” and a consensus price target of $10.75.

Horizon Technology Finance (NASDAQ HRZN) traded down $0.10 during trading on Friday, reaching $11.16. 49,700 shares of the company traded hands, compared to its average volume of 76,362. Horizon Technology Finance has a 12-month low of $9.66 and a 12-month high of $11.88. The firm has a market cap of $129.69, a P/E ratio of 9.46 and a beta of 0.81.

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of Horizon Technology Finance by 25.8% in the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock worth $235,000 after acquiring an additional 4,252 shares in the last quarter. Shelton Capital Management acquired a new position in shares of Horizon Technology Finance in the third quarter worth $244,000. Kovack Advisors Inc. acquired a new position in shares of Horizon Technology Finance in the fourth quarter worth $260,000. WFG Advisors LP grew its stake in shares of Horizon Technology Finance by 30.8% in the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock worth $283,000 after acquiring an additional 5,878 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Horizon Technology Finance by 24.3% in the fourth quarter. Millennium Management LLC now owns 26,744 shares of the investment management company’s stock worth $300,000 after acquiring an additional 5,234 shares in the last quarter. Institutional investors and hedge funds own 17.26% of the company’s stock.

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Horizon Technology Finance 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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