Horizon Technological know-how Finance Co. (NASDAQ:HRZN – Get Rating) declared a every month dividend on Thursday, March 3rd, Wall Avenue Journal reviews. Stockholders of report on Tuesday, April 19th will be paid out a dividend of .10 for each share by the financial investment management firm on Monday, May well 16th. This represents a $1.20 dividend on an annualized basis and a dividend generate of 8.46%. The ex-dividend date of this dividend is Monday, April 18th.
Horizon Technological innovation Finance has a payout ratio of 83.9% indicating that its dividend is now coated by earnings, but may well not be in the long run if the company’s earnings decrease. Equities analysis analysts anticipate Horizon Technological innovation Finance to generate $1.44 for every share next 12 months, which means the company should keep on to be equipped to go over its $1.20 yearly dividend with an anticipated potential payout ratio of 83.3%.
HRZN inventory opened at $14.19 on Friday. Horizon Know-how Finance has a 1-calendar year lower of $13.21 and a 1-yr high of $19.08. The business’s 50 working day moving regular is $14.63 and its 200-day going common is $15.79. The organization has a market cap of $304.66 million, a P/E ratio of 10.21 and a beta of 1.02.
Horizon Engineering Finance (NASDAQ:HRZN – Get Ranking) previous launched its quarterly earnings results on Tuesday, March 1st. The investment management organization claimed $.39 EPS for the quarter, beating the Zacks’ consensus estimate of $.34 by $.05. The organization had revenue of $16.95 million for the quarter, as opposed to analyst estimates of $14.77 million. Horizon Engineering Finance had a internet margin of 46.29% and a return on equity of 12.20%. On common, study analysts hope that Horizon Technological innovation Finance will write-up 1.36 earnings for each share for the present fiscal year.
Many huge traders have a short while ago bought and marketed shares of HRZN. Invesco Ltd. boosted its placement in Horizon Engineering Finance by 8.3% through the fourth quarter. Invesco Ltd. now owns 57,891 shares of the financial commitment management company’s stock truly worth $922,000 just after paying for an more 4,443 shares during the period. Marshall Wace LLP obtained a new situation in Horizon Technology Finance in the 4th quarter valued at about $702,000. Morgan Stanley lifted its holdings in Horizon Technological know-how Finance by 36.5% in the 2nd quarter. Morgan Stanley now owns 35,523 shares of the investment administration company’s stock valued at $614,000 immediately after attaining an further 9,507 shares during the time period. LPL Economical LLC lifted its placement in Horizon Know-how Finance by 11.8% in the course of the fourth quarter. LPL Economic LLC now owns 18,894 shares of the financial investment management company’s stock really worth $301,000 right after attaining an more 2,000 shares all through the final quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of Horizon Technology Finance all through the fourth quarter well worth about $290,000. 9.50% of the stock is currently owned by hedge resources and other institutional buyers.
HRZN has been the subject matter of many investigation reports. StockNews.com started out coverage on Horizon Technological know-how Finance in a study be aware on Thursday, March 31st. They issued a “sell” rating for the enterprise. Zacks Expenditure Research slice Horizon Know-how Finance from a “buy” ranking to a “hold” score in a report on Friday, March 4th.
Horizon Know-how Finance Organization Profile (Get Rating)
Horizon Technology Finance Corporation is a company growth corporation specializing in lending and and investing in growth-phase investments. It focuses on building secured credit card debt and venture lending investments to enterprise capital backed providers in the technology, lifestyle science, healthcare information and solutions, and cleantech industries.
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