Horizon Technology Finance is upgraded to Hold as portfolio structure shows potential for improvement and management demonstrates commitment through share repurchases. HRZN trades at a 33% discount to NAV, reflecting persistent portfolio and earnings weakness despite a high 15.5% dividend yield with thin coverage. Q1 results were disappointing: net investment income fell to $0.19/share, and interest income declined, but new investments and merger-driven equity injection offer cautious optimism.
The merger between Horizon Technology Finance (NASDAQ:HRZN) and Monroe Capital (NASDAQ:MRCC) closed on April 14, 2026, yet shareholders are not celebrating.
Monroe Capital Corporation (NASDAQ:MRCC) shareholders approved a NAV-for-NAV merger with Horizon Technology Finance (NASDAQ:HRZN) expected to close in late Q1 or early Q2 2026.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| ABB Alexander Bjornager Bonde Danske Bank A/S | 8 | $41.5 | $38.44 | -$3.06 | -7.37% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 29 | $122.09 | $138.18 | $16.09 | 13.18% |
| JAC J. Adam Causey Jackson Thornton Wealth Management LLC | 33,018 | $296,831.82 | $157,000.59 | -$139,831.23 | -47.11% |
Michael Byun SageView Advisory Group LLC | 300 | $1,935 | $1,393.5 | -$541.5 | -27.98% |
| HFT Hui Fai Tam Caitong International Asset Management Co. Ltd. | 188 | $793.99 | $892.57 | $98.58 | 12.42% |
| Capital Markets Industry | Financials Sector | Michael Phillip Balkin CEO | NASDAQ (NGS) Exchange | 44045A102 CUSIP |
| US Country | - Employees | 17 Aug 2026 Last Dividend | - Last Split | 7 Apr 2021 IPO Date |
Horizon Technology Finance Corporation stands as a pivotal business development entity, focusing its expertise on the arena of lending and investing in projects at the development stage. With a strategic aim to boost ventures within transformative sectors, this corporation earmarks substantial funds towards entities that are backed by venture capital. Their sphere of influence spans a wide array of industries, including but not limited to technology, life sciences, healthcare information and services, as well as cleantech and sustainability. By positioning itself as a key financier, Horizon Technology Finance Corporation predicates its operations on fostering growth and innovation within the United States, ensuring that companies breaking new ground in these vital fields have the pivotal support they need to thrive and advance.
Horizon Technology Finance Corporation delivers a comprehensive suite of financial solutions tailored to the unique needs of development-stage companies across various high-growth industries: