Streetbeat News

HRZN

Horizon Technology Finance Corporation

http://horizontechfinance.com

Industry

Asset Management

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. It seeks to invest in companies in the United States.

Open

9.20

Mkt cap

351M

Volume

222K

High

9.27

P/E Ratio

-61.53

52-wk high

13.73

Low

9.20

Div yield

0.16

52-wk low

9.07

Horizon Tech Finance (NASDAQ:HRZN) reported Q3 earnings of $0.32 per share, missing the $0.35 estimate and showing a 39.62% decrease from last year. Sales were $24.56M, below the $25.49M estimate and down 15.70% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:01 pm

Horizon Tech Finance (NASDAQ:HRZN) is set to release its quarterly earnings on October 29, 2024. Analysts expect an EPS of $0.35. The market is hopeful for positive results and guidance, which could impact stock prices. Previously, missing EPS estimates led to a 3.48% drop in share price.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 6:02 pm

Horizon Technology Finance reported its Q3 2024 update, originating $93.1M in new loans and ending the quarter with a $189.9M committed backlog. The company received $37.5M in principal prepayments and closed $172.9M in new loan commitments, with $35M in additional opportunities pending approval.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:17 pm

B. Riley Securities has reiterated its Sell rating on Horizon Tech Finance (NASDAQ:HRZN) and lowered the price target from $10 to $9.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 4:40 pm

Keefe, Bruyette & Woods analyst Paul Johnson maintains an Underperform rating on Horizon Tech Finance (NASDAQ:HRZN) and lowers the price target from $9.5 to $9.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:08 pm

Horizon Tech Finance (NASDAQ:HRZN) reported Q2 2024 earnings per share (EPS) of $0.36, meeting analyst expectations. The company's sales were $25.678 million, slightly beating the $25.317 million estimate. However, both EPS and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:16 pm

Horizon Technology Finance Corporation (NASDAQ:HRZN) has secured a new $100 million senior secured credit facility through its subsidiary, Horizon Funding II, LLC. This facility, led by a large U.S. insurance company, can be increased to $200 million. Horizon plans to use this facility to leverage existing investments and deploy additional capital for new investments.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:22 pm

Horizon Tech Finance (NASDAQ:HRZN) reported Q1 2024 earnings of $0.38 per share, missing the $0.40 estimate, and sales of $26.129M, missing the $26.596M estimate. This represents a decrease in earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:38 pm

Horizon Technology Finance Corporation (HRZN) reported its Q1 2024 portfolio update, highlighting $33.5 million in new loan originations and ending the quarter with a committed backlog of $168 million. The company experienced liquidity events from three portfolio companies, receiving principal prepayments and partial paydowns totaling $19.8 million. HRZN's unfunded loan approvals and commitments stood at $168.2 million to 14 companies as of March 31, 2024. The company also holds a portfolio of warrant and equity positions in 99 portfolio companies, indicating potential for future returns.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:17 pm

UBS analyst Vilas Abraham maintains a Neutral rating on Horizon Tech Finance (HRZN) and lowers the price target from $11.5 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 2:16 pm

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