What is B. Riley’s Estimate for HRZN FY2024 Earnings?

Horizon Technology Finance Co. (NASDAQ:HRZN) – B. Riley lowered their FY2024 EPS estimates for Horizon Technology Finance in a report issued on Thursday, October 31st. B. Riley analyst B. Rowe now expects that the investment management company will post earnings of $1.32 per share for the year, down from their previous forecast of $1.37. B. Riley currently has a “Sell” rating and a $9.00 price target on the stock. The consensus estimate for Horizon Technology Finance’s current full-year earnings is $1.23 per share. B. Riley also issued estimates for Horizon Technology Finance’s Q4 2024 earnings at $0.26 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.28 EPS and FY2025 earnings at $1.06 EPS.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $24.56 million during the quarter, compared to the consensus estimate of $25.38 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. During the same quarter last year, the firm earned $0.53 EPS.

Separately, Keefe, Bruyette & Woods cut their price target on shares of Horizon Technology Finance from $9.50 to $9.00 and set an “underperform” rating on the stock in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.63.

Horizon Technology Finance Stock Down 2.2 %

NASDAQ:HRZN opened at $9.44 on Friday. The stock has a market cap of $359.29 million, a P/E ratio of -78.67 and a beta of 1.23. The firm’s fifty day simple moving average is $10.61 and its 200 day simple moving average is $11.36. Horizon Technology Finance has a twelve month low of $9.30 and a twelve month high of $13.73.

Horizon Technology Finance Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.98%. The ex-dividend date is Tuesday, February 18th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -1,100.00%.

Institutional Trading of Horizon Technology Finance

A number of hedge funds have recently modified their holdings of HRZN. Connecticut Wealth Management LLC bought a new stake in shares of Horizon Technology Finance during the 1st quarter valued at $2,393,000. International Assets Investment Management LLC raised its position in shares of Horizon Technology Finance by 810.1% in the 3rd quarter. International Assets Investment Management LLC now owns 50,055 shares of the investment management company’s stock worth $5,330,000 after purchasing an additional 44,555 shares during the last quarter. First Financial Bank Trust Division purchased a new position in shares of Horizon Technology Finance in the 2nd quarter worth about $520,000. Virtu Financial LLC purchased a new position in shares of Horizon Technology Finance in the 1st quarter worth about $257,000. Finally, Paloma Partners Management Co purchased a new position in shares of Horizon Technology Finance in the 1st quarter worth about $209,000. Institutional investors own 4.94% of the company’s stock.

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.