Horizon Technology Finance Corp (NASDAQ:HRZN):
Horizon Technology Finance Provides Investment Portfolio Update for Second Quarter 2017.
The company is down by -0.35% since yesterday’s close of $11.47.
Horizon Technology Finance Corp recently declared a dividend for shareholders that will be paid on Tuesday the 15th of August 2017. The dividend payment will be $0.300 per share for the quarter or $1.20 on an annualized basis. This dividend represents a yeild of $10.68 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Friday the 16th of June 2017.
Horizon Technology Finance Corporation, launched on March 16, 2010, is an externally managed, closed-end, non-diversified management investment company. The Business’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The Company operates as a specialty finance company. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries (collectively Target Industries). The Company is focused on making secured debt investments (Venture Loans) to venture capital backed companies in its Target Industries. It also provides Venture Loans to publicly traded companies in its Target Industries..
Company shares last traded at $11.43 just above $11.23, the 50 day moving average and slightly over the 200 day moving average of $11.16. The 50 day moving average moved up $0.20 and the 200 day average went up by +2.43%.
Investors are more bullish on shares of Horizon Technology Finance Corp lately if you consider the motion in short interest. The company experienced a fall in short interest of -10.38% as of May 15, 2017 from the last reporting period. Short interest decreased 38,603 over that timeframe.
A few analysts have issued ratings on the company recently. On November 9, 2016 the stock rating was changed to a “Sell” by Compass Point which was a cut from the previous “” rating. On November 3 the company was downgraded from “Hold” to “Neutral” and a price target of $11.00 was set by analysts at National Securities.
National Securities both downgraded the stock and lowered the price target on November 3 changing the price objective from $15.00 to $11.00 and changing the rating from “Hold” to “Neutral”. On March 10 the company was set at “Outperform” according to a Oppenheimer report which is up from the previous “Market Perform” rating.
On January 27 the stock rating was downgraded to “Market Perform” from “Outperform” in a report issued by Raymond James. On November 10 the stock rating was upgraded to “Outperform” from “Market Perform” in a statement from Raymond James.