Horizon Technology Finance Corp BDC (NASDAQ: HRZN) shares currently have a dividend yield of 10.20%. At Horizon Technology Finance, we realize that the success of our clients is not solely dependent on financing alone. The company has a P/E ratio of 10.12. The average volume for Horizon Technology Finance Corp BDC has been 58,100 shares per day over the past 30 days. Horizon Technology Finance Corp BDC has a market cap of $129.9 million and is part of the financial services industry. Shares are down 9.1% year to date as of the close of trading on Friday. TheStreet Ratings rates Horizon Technology Finance Corp BDC as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Highlights from the ratings report include:
- HRZN's very impressive revenue growth greatly exceeded the industry average of 12.5%. Since the same quarter one year prior, revenues leaped by 60.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has significantly increased by 134.28% to $3.77 million when compared to the same quarter last year. In addition, HORIZON TECHNOLOGY FINANCE has also vastly surpassed the industry average cash flow growth rate of 7.88%.
- The gross profit margin for HORIZON TECHNOLOGY FINANCE is rather high; currently it is at 62.88%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 13.06% trails the industry average.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Capital Markets industry and the overall market on the basis of return on equity, HORIZON TECHNOLOGY FINANCE underperformed against that of the industry average and is significantly less than that of the S&P 500.
- The share price of HORIZON TECHNOLOGY FINANCE has not done very well: it is down 18.02% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
- You can view the full Horizon Technology Finance Corp BDC Ratings Report.
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