Horizon Technology Finance Corporation (HRZN)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
HRZN Chart
Horizon Technology Finance Q2 Earnings Call Highlights
Horizon Technology Finance NASDAQ: HRZN said its second-quarter net asset value declined primarily because of write-downs tied to one portfolio company, even as the business development company expanded its debt investment portfolio for a third consecutive quarter and reported a larger committed backlog following its April merger with Monroe Capital Corporation.
Horizon Technology Finance (HRZN) Lags Q2 Earnings and Revenue Estimates
Horizon Technology Finance (HRZN) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.28 per share a year ago.
Horizon Technology Finance: Waiting For Improvements To Materialize
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 $0.19/share, and interest income declined, but new investments and merger-driven equity injection offer cautious optimism.
Horizon Technology Finance Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 81,264 | $364,875.36 | $377,064.96 | $12,189.6 | 3.34% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 1 | $4.25 | $4.64 | $0.39 | 9.18% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 72 | $315.16 | $352.08 | $36.92 | 11.71% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 18,956 | $85,112.44 | $94,780 | $9,667.56 | 11.36% |
 Bulldog Investors Bulldog Investors LLP | 658,617 | $2.96M | $3.3M | $342,480.84 | 11.58% |
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Horizon Technology Finance Corporation Profile
| Capital Markets Industry | Financials Sector | Michael Phillip Balkin CEO | NASDAQ (NGS) Exchange | 44045A102 CUSIP |
| US Country | - Employees | 17 Nov 2026 Last Dividend | - Last Split | 7 Apr 2021 IPO Date |
Overview
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.
Products and Services
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:
- Secured Debt Investments: As a cornerstone of Horizon's offerings, these involve providing loans secured by the borrower's assets. This financial product is designed for companies seeking stable, structured financing solutions to fuel their growth and operational needs while minimizing equity dilution.
- Venture Lending Investments: Targeting companies backed by venture capital, this service encompasses tailored lending solutions that align with the dynamic and evolving financial requirements of high-potential startups. It facilitates these companies' progress without impeding their equity structures, thereby supporting sustained development and scaling efforts.
