Horizon Technology Finance (NASDAQ:HRZN) Announces Earnings Results, Beats Estimates By $0.02 EPS

Horizon Technology Finance (NASDAQ:HRZN) released its quarterly earnings results on Tuesday. The investment management company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $26.74 million. During the same period last year, the firm earned $0.54 earnings per share.

Horizon Technology Finance Trading Down 3.5 %

Horizon Technology Finance stock traded down $0.42 during trading hours on Wednesday, reaching $11.64. 406,944 shares of the stock were exchanged, compared to its average volume of 254,028. The stock has a 50 day moving average of $12.00 and a two-hundred day moving average of $12.06. Horizon Technology Finance has a twelve month low of $10.75 and a twelve month high of $13.73. The company has a market cap of $407.63 million, a P/E ratio of -27.71 and a beta of 1.24.

Horizon Technology Finance Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.32 dividend on an annualized basis and a yield of 11.34%. Horizon Technology Finance’s payout ratio is -314.28%.

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.