Horizon Technology Finance (HRZN) Announces Earnings Results, Beats Expectations By $0.01 EPS

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Horizon Technology Finance (NASDAQ:HRZN) released its quarterly earnings results on Tuesday. The investment management company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01, MarketWatch Earnings reports. The business had revenue of $7.80 million for the quarter, compared to analyst estimates of $7.70 million. Horizon Technology Finance had a return on equity of 9.41% and a net margin of 39.15%.

HRZN traded up $0.49 during mid-day trading on Wednesday, reaching $10.86. The stock had a trading volume of 109,372 shares, compared to its average volume of 93,777. The firm has a market capitalization of $117.95 million, a price-to-earnings ratio of 10.14 and a beta of 0.86. Horizon Technology Finance has a 52 week low of $9.92 and a 52 week high of $11.97.

A number of research firms recently commented on HRZN. Keefe, Bruyette & Woods lowered Horizon Technology Finance from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $10.50 to $10.00 in a research report on Sunday, October 21st. National Securities restated a “neutral” rating and set a $11.00 price target on shares of Horizon Technology Finance in a research report on Monday, August 6th. Zacks Investment Research lowered Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Compass Point lowered Horizon Technology Finance from a “neutral” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, TheStreet upgraded Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Tuesday, July 10th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Horizon Technology Finance presently has a consensus rating of “Hold” and an average price target of $11.25.

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, and cleantech industries.

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Earnings History for Horizon Technology Finance (NASDAQ:HRZN)

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