Streetbeat News

HRZN

Horizon Technology Finance Corporation

Industry

Asset Management

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, and cleantech industries. It seeks to invest in companies in the United States.

Open

9.20

Mkt cap

351M

Volume

222K

High

9.27

P/E Ratio

-61.53

52-wk high

13.73

Low

9.20

Div yield

0.16

52-wk low

9.07

Horizon Tech Finance (NASDAQ:HRZN) announced a monthly dividend of 11 cents per share, with the ex-dividend date set for Monday. Shareholders owning HRZN by the end of Friday are eligible for the payout on April 16, 2024. The stock is expected to open 11 cents lower on Monday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:45 pm

Keefe, Bruyette & Woods analyst Paul Johnson has maintained an Underperform rating on Horizon Tech Finance (HRZN) and lowered the price target from $10 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:57 pm

Oppenheimer analyst Mitchel Penn maintains a Perform rating on Horizon Tech Finance (HRZN) and lowers the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:13 pm

Ladenburg Thalmann analyst Christopher Nolan downgrades Horizon Tech Finance (HRZN) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:42 pm

Horizon Tech Finance (NASDAQ:HRZN) reported Q4 2023 earnings of $0.45 per share, surpassing the $0.33 estimate, a 12.5% increase from last year. Sales reached $28.18M, beating the $27.85M estimate, marking a 21.77% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:25 pm

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

Horizon Tech Finance (NASDAQ:HRZN) is scheduled to release its quarterly earnings report on 2024-02-27, with analysts expecting an EPS of $0.44. The company's past performance shows a trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $12.99, up 5.33% over the last 52 weeks. Investors are looking for not only an earnings beat but also positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:02 pm

Horizon Tech Finance (NASDAQ:HRZN) announced a monthly dividend of 11 cents per share, with Tuesday being the last day for investors to be eligible for the next payout. The stock will go ex-dividend on Wednesday, likely opening 11 cents lower to reflect the payout. Shareholders owning HRZN by the end of Tuesday's session will receive the dividend on February 14, 2024.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 2:45 pm

Horizon Technology Finance Corporation (HRZN) reported a strong Q4 2023 with $63.4 million in new loans originated and a committed backlog of $218 million. HRZN completed its first co-investment with Monroe Capital and received $48 million in loan payoffs and partial paydowns. The company closed new loan commitments totaling $89.4 million and holds a warrant and equity portfolio in 103 companies, indicating potential for future returns.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:20 pm

B. Riley Securities analyst Bryce Rowe has downgraded Horizon Tech Finance (NASDAQ:HRZN) from Neutral to Sell and set a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:27 pm

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