Horizon Technology Finance Corp (HRZN) Releases Earnings Results, Beats Expectations By $0.03 EPS

Horizon Technology Finance Corp (HRZN) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.35. Analysts expectations of $8.71 million. During the same quarter in the previous year, the company posted $0.30 EPS.

Horizon Technology Finance Corp closed down -0.04 points or -0.35% at $11.4 with 53,112 shares getting traded on Monday. Post opening the session at $11.47, the shares hit an intraday low of $11.23 and an intraday high of $11.48 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 28, 2016, Joseph J Savage (director) purchased 1,500 shares at $11.57 per share price. According to the SEC, on Mar 21, 2016, Gerald A. Michaud (President) purchased 1,960 shares at $11.57 per share price. On Mar 17, 2016, Robert D. Jr. Pomeroy (CEO) purchased 2,000 shares at $11.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Horizon Technology Finance Corporation is an externally managed closed-end non-diversified management investment company. The Company primarily makes secured debt investments which consists of loans secured by all of or a portion of the applicable debtor Company’s tangible and intangible assets to development-stage companies in the technology life science healthcare information and services and cleantech industries. The Company’s investment objective is to maximize its investment portfolio’s total return by generating income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon Technology Finance Management LLC is the investment manager of the Company.

Horizon Technology Finance Corp

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