Horizon Technology Finance Co. (HRZN) to Issue Monthly Dividend of $0.10 on May 16th

Horizon Engineering Finance Co. (NASDAQ:HRZN – Get Rating) declared a every month dividend on Thursday, March 3rd, Wall Road Journal reviews. Stockholders of report on Tuesday, April 19th will be compensated a dividend of .10 for every share by the financial commitment administration organization on Monday, May perhaps 16th. This represents a $1.20 dividend on an annualized foundation and a dividend yield of 8.46%. The ex-dividend date of this dividend is Monday, April 18th.

Horizon Engineering Finance has a payout ratio of 83.9% indicating that its dividend is now covered by earnings, but may not be in the upcoming if the company’s earnings decrease. Equities investigation analysts be expecting Horizon Technology Finance to get paid $1.44 for each share future yr, which signifies the business really should go on to be in a position to protect its $1.20 yearly dividend with an envisioned future payout ratio of 83.3%.

HRZN stock opened at $14.19 on Friday. Horizon Engineering Finance has a 1-12 months lower of $13.21 and a 1-12 months large of $19.08. The business’s 50 working day going common is $14.63 and its 200-working day relocating ordinary is $15.79. The business has a industry cap of $304.66 million, a P/E ratio of 10.21 and a beta of 1.02.

Horizon Technological know-how Finance (NASDAQ:HRZN – Get Rating) last produced its quarterly earnings final results on Tuesday, March 1st. The expense management organization claimed $.39 EPS for the quarter, beating the Zacks’ consensus estimate of $.34 by $.05. The organization had earnings of $16.95 million for the quarter, in comparison to analyst estimates of $14.77 million. Horizon Technology Finance experienced a web margin of 46.29% and a return on fairness of 12.20%. On common, analysis analysts hope that Horizon Technology Finance will post 1.36 earnings per share for the latest fiscal year.

Various significant investors have recently acquired and offered shares of HRZN. Invesco Ltd. boosted its position in Horizon Know-how Finance by 8.3% through the fourth quarter. Invesco Ltd. now owns 57,891 shares of the financial investment management company’s inventory worthy of $922,000 soon after obtaining an extra 4,443 shares through the period. Marshall Wace LLP acquired a new posture in Horizon Engineering Finance in the 4th quarter valued at about $702,000. Morgan Stanley lifted its holdings in Horizon Engineering Finance by 36.5% in the 2nd quarter. Morgan Stanley now owns 35,523 shares of the expense administration company’s inventory valued at $614,000 after obtaining an more 9,507 shares all through the period. LPL Economic LLC lifted its placement in Horizon Technology Finance by 11.8% all through the fourth quarter. LPL Economic LLC now owns 18,894 shares of the investment management company’s inventory truly worth $301,000 just after getting an supplemental 2,000 shares through the final quarter. Last but not least, D. E. Shaw & Co. Inc. acquired a new stake in shares of Horizon Technology Finance during the fourth quarter value about $290,000. 9.50% of the stock is at present owned by hedge funds and other institutional buyers.

HRZN has been the matter of many investigation stories. StockNews.com started off protection on Horizon Technological know-how Finance in a analysis notice on Thursday, March 31st. They issued a “sell” score for the firm. Zacks Investment Investigate lower Horizon Technologies Finance from a “buy” rating to a “hold” ranking in a report on Friday, March 4th.

Horizon Technologies Finance Organization Profile (Get Ranking)

Horizon Know-how Finance Company is a enterprise growth enterprise specializing in lending and and investing in development-phase investments. It focuses on earning secured credit card debt and venture lending investments to venture cash backed companies in the technological know-how, lifestyle science, healthcare information and facts and solutions, and cleantech industries.

Highlighted Content

Want More Terrific Investing Ideas?

Receive News & Rankings for Horizon Engineering Finance Every day – Enter your email tackle under to obtain a concise each day summary of the most current information and analysts’ ratings for Horizon Technologies Finance and linked businesses with MarketBeat.com’s Free day-to-day electronic mail newsletter.