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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.

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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

Horizon Tech Finance (NASDAQ:HRZN) announced a monthly dividend of 11 cents per share, with the ex-dividend date set for Monday. Shareholders owning HRZN by the end of Friday are eligible for the payout on April 16, 2024. The stock is expected to open 11 cents lower on Monday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:45 pm

Keefe, Bruyette & Woods analyst Paul Johnson has maintained an Underperform rating on Horizon Tech Finance (HRZN) and lowered the price target from $10 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:57 pm

Oppenheimer analyst Mitchel Penn maintains a Perform rating on Horizon Tech Finance (HRZN) and lowers the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:13 pm

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