Dividend Action: $0.12 dividends just around the corner for Horizon Technology Finance Corporation (NASDAQ:HRZN) shareholders.

Dividend Action: $0.12 dividends just around the corner for Horizon Technology Finance Corporation (NASDAQ:HRZN) shareholders.

Horizon Technology Finance Corporation (NASDAQ:HRZN) is expected to pay $0.12 on Dec 15, 2016. The indicated annual dividend is $0.46. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Horizon Technology Finance Corporation’s current price of $10.94, the dividend is 1.05%. This dividend’s record date is Nov 18, 2016 and the announcement date is Aug 8, 2016. The stock decreased 1.08% or $0.12 on November 14, hitting $10.94. Horizon Technology Finance Corp (NASDAQ:HRZN) has declined 5.28% since April 13, 2016 and is downtrending. It has underperformed by 9.21% the S&P500.

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The company has a market cap of $125.03 million. The Company’s investment objective is to generate current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It currently has negative earnings. The Firm operates through lending and investment segment.

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.21, from 1.14 in 2016Q1. The ratio fall, as 6 funds sold all Horizon Technology Finance Corp shares owned while 9 reduced positions. 7 funds bought stakes while 7 increased positions. They now own 1.84 million shares or 11.28% less from 2.08 million shares in 2016Q1.
Morgan Stanley, a New York-based fund reported 127,991 shares. The Pennsylvania-based Hudock Grp Llc has invested 0% in Horizon Technology Finance Corp (NASDAQ:HRZN). Peak6 Invests L P last reported 1,579 shares in the company. Brown Advisory Securities Limited Company last reported 24,200 shares in the company. The Kansas-based Creative Planning has invested 0% in Horizon Technology Finance Corp (NASDAQ:HRZN). Manufacturers Life Insur The has 809 shares for 0% of their US portfolio. Confluence Investment Management Ltd Company owns 179,012 shares or 0.06% of their US portfolio. The California-based Ares Mgmt Ltd Com has invested 0.05% in Horizon Technology Finance Corp (NASDAQ:HRZN). Axa holds 0% of its portfolio in Horizon Technology Finance Corp (NASDAQ:HRZN) for 20,503 shares. Hillsdale Inv holds 0.04% or 10,000 shares in its portfolio. The Maryland-based Founders Fincl Ltd Liability Corp has invested 0.09% in Horizon Technology Finance Corp (NASDAQ:HRZN). The New York-based D E Shaw And Inc has invested 0% in Horizon Technology Finance Corp (NASDAQ:HRZN). West Family Invests accumulated 206,354 shares or 0.46% of the stock. Wells Fargo Communication Mn, a California-based fund reported 43,279 shares. Cambridge Inv Advisors Inc holds 0.01% of its portfolio in Horizon Technology Finance Corp (NASDAQ:HRZN) for 23,769 shares.

Horizon Technology Finance Corp (NASDAQ:HRZN) Ratings Coverage

Out of 3 analysts covering Horizon Technology Finance (NASDAQ:HRZN), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Horizon Technology Finance has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Wednesday, August 5, the company rating was maintained by National Securities. The stock has “Outperform” rating given by Raymond James on Tuesday, November 10. The rating was downgraded by National Securities on Thursday, November 3 to “Neutral”. The rating was downgraded by Oppenheimer on Thursday, August 4 to “Perform”. Oppenheimer upgraded the stock to “Outperform” rating in Thursday, March 10 report. The stock has “Mkt Perform” rating given by Raymond James on Wednesday, January 27.

More news for Horizon Technology Finance Corp (NASDAQ:HRZN) were recently published by: Marketwatch.com, which released: “Horizon Technology downgraded to perform from outperform at Oppenheimer” on April 18, 2011. Moodys.com‘s article titled: “Moody’s upgrades Horizon Technology Finance Corporation sponsored venture debt …” and published on December 08, 2015 is yet another important article.

HRZN Company Profile

Horizon Technology Finance Corporation, incorporated on March 16, 2010, is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The Firm operates through lending and investment segment. The Firm 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 Firm 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.

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