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Horizon Technology Finance said on February 23, 2024 that its board of directors declared a regular monthly dividend of $0.11 per share ($1.32 annualized). Previously, the company paid $0.11 per share.

Shares must be purchased before the ex-div date of March 18, 2024 to qualify for the dividend. Shareholders of record as of March 19, 2024 will receive the payment on April 16, 2024.

At the current share price of $11.94 / share, the stock's dividend yield is 11.06%.

Looking back five years and taking a sample every week, the average dividend yield has been 10.13%, the lowest has been 6.73%, and the highest has been 20.13%. The standard deviation of yields is 1.76 (n=193).

The current dividend yield is 0.53 standard deviations above the historical average.

The company's 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 60 funds or institutions reporting positions in Horizon Technology Finance. This is an increase of 5 owner(s) or 9.09% in the last quarter. Average portfolio weight of all funds dedicated to HRZN is 0.10%, a decrease of 12.04%. Total shares owned by institutions decreased in the last three months by 2.99% to 1,888K shares. The put/call ratio of HRZN is 0.56, indicating a bullish outlook.

Analyst Price Forecast Suggests 1.49% Downside

As of February 24, 2024, the average one-year price target for Horizon Technology Finance is 11.76. The forecasts range from a low of 9.34 to a high of $15.75. The average price target represents a decrease of 1.49% from its latest reported closing price of 11.94.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Horizon Technology Finance is 110MM, a decrease of 3.11%. The projected annual non-GAAP EPS is 1.66.

What are Other Shareholders Doing?

Legal & General Group holds 248K shares. In it's prior filing, the firm reported owning 110K shares, representing an increase of 55.87%. The firm decreased its portfolio allocation in HRZN by 7.36% over the last quarter.

Green Alpha Advisors holds 199K shares. In it's prior filing, the firm reported owning 255K shares, representing a decrease of 28.29%. The firm decreased its portfolio allocation in HRZN by 18.91% over the last quarter.

NXTE - AXS Green Alpha ETF holds 137K shares. In it's prior filing, the firm reported owning 132K shares, representing an increase of 3.25%. The firm decreased its portfolio allocation in HRZN by 5.34% over the last quarter.

Advisors Asset Management holds 128K shares. In it's prior filing, the firm reported owning 213K shares, representing a decrease of 66.51%. The firm decreased its portfolio allocation in HRZN by 36.99% over the last quarter.

Eqis Capital Management holds 116K shares. In it's prior filing, the firm reported owning 122K shares, representing a decrease of 4.71%. The firm decreased its portfolio allocation in HRZN by 29.48% over the last quarter.

Horizon Technology Finance Background Information
(This description is provided by the company.)

Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Headquartered in Farmington, Connecticut, Horizon also has regional offices in Pleasanton, California and Reston, Virginia.

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