Horizon Technological know-how Finance Co. (NASDAQ:HRZN – Get Rating) declared a regular monthly dividend on Thursday, May 5th, Wall Street Journal studies. Stockholders of history on Friday, June 17th will be paid out a dividend of .10 per share by the financial investment administration enterprise on Friday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date is Thursday, June 16th.
Horizon Technological innovation Finance has greater its dividend by an typical of 1.4% per year above the very last three years. Horizon Know-how Finance has a payout ratio of 83.9% this means its dividend is at this time protected by earnings, but could not be in the potential if the company’s earnings fall. Investigate analysts expect Horizon Technologies Finance to earn $1.41 for each share up coming yr, which means the corporation should go on to be in a position to go over its $1.20 yearly dividend with an envisioned long term payout ratio of 85.1%.
Shares of HRZN inventory opened at $12.79 on Friday. The business’s fifty working day shifting ordinary price tag is $13.97 and its 200 day going regular selling price is $15.48. The agency has a current market capitalization of $306.70 million, a PE ratio of 10.31 and a beta of 1.01. Horizon Technological innovation Finance has a 1-calendar year lower of $11.62 and a 1-yr superior of $19.08.
Horizon Technology Finance (NASDAQ:HRZN – Get Ranking) last issued its earnings benefits on Tuesday, Might 3rd. The financial commitment administration enterprise noted $.26 earnings for each share (EPS) for the quarter, lacking analysts’ consensus estimates of $.29 by ($.03). Horizon Engineering Finance experienced a web margin of 41.45% and a return on equity of 11.85%. During the same quarter in the earlier calendar year, the agency gained $.31 earnings for every share. On typical, equities study analysts anticipate that Horizon Technologies Finance will put up 1.35 earnings per share for the present year.
Massive traders have not long ago created modifications to their positions in the company. Invesco Ltd. elevated its stake in shares of Horizon Technological innovation Finance by 8.3% in the fourth quarter. Invesco Ltd. now owns 57,891 shares of the financial commitment administration company’s inventory truly worth $922,000 soon after getting an further 4,443 shares all through the previous quarter. Marshall Wace LLP bought a new situation in shares of Horizon Technological know-how Finance in the 4th quarter worth about $702,000. Morgan Stanley boosted its holdings in shares of Horizon Know-how Finance by 36.5% in the 2nd quarter. Morgan Stanley now owns 35,523 shares of the investment decision administration company’s stock valued at $614,000 immediately after buying an further 9,507 shares all through the interval. LPL Economic LLC grew its situation in shares of Horizon Engineering Finance by 11.8% all through the 4th quarter. LPL Economic LLC now owns 18,894 shares of the investment management company’s stock valued at $301,000 soon after getting an further 2,000 shares for the duration of the very last quarter. Lastly, D. E. Shaw & Co. Inc. acquired a new stake in Horizon Know-how Finance all through the fourth quarter worthy of about $290,000. Institutional buyers individual 11.30% of the company’s inventory.
A number of analysts have weighed in on the corporation. StockNews.com assumed protection on Horizon Technologies Finance in a report on Thursday, March 31st. They issued a “sell” rating on the inventory. Zacks Expense Exploration slash shares of Horizon Engineering Finance from a “buy” score to a “hold” rating in a exploration report on Friday, March 4th. Finally, Compass Point upgraded shares of Horizon Know-how Finance from a “sell” score to a “neutral” score in a report on Wednesday. One investment decision analyst has rated the stock with a offer rating and 3 have supplied a keep score to the stock. Primarily based on facts from MarketBeat.com, the inventory at this time has a consensus ranking of “Hold” and a consensus cost concentrate on of $16.25.
Horizon Know-how Finance Firm Profile (Get Rating)
Horizon Technologies Finance Corporation is a enterprise advancement enterprise specializing in lending and and investing in development-stage investments. It focuses on producing secured personal debt and undertaking lending investments to undertaking funds backed businesses in the engineering, lifetime science, health care info and providers, and cleantech industries.
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