Horizon Technology Finance Corp (HRZN) Releases Earnings Results, Beats Expectations By $0.04 EPS

Horizon Technology Finance Corp (HRZN) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.39 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.35. The company posted revenue of $9.09 million in the period, compared to analysts expectations of $8.65 million. The company’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Horizon Technology Finance Corp. Compass Point Initiated Horizon Technology Finance Corp on Jul 7, 2016 to “Neutral”, Price Target of the shares are set at $12.65.

Horizon Technology Finance Corp opened for trading at $13.65 and hit $13.77 on the upside on Friday, eventually ending the session at $13.77, with a gain of 1.32% or 0.18 points. The heightened volatility saw the trading volume jump to 1,19,879 shares. Company has a market cap of $159 M.

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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