Horizon Technology Finance: Still Too Expensive After The Price Correction [Seeking Alpha]
Horizon Technology Finance Corporation (HRZN)
Last horizon technology finance corporation earnings: 4/28 04:15 pm
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US:NASDAQ Investor Relations:
ir.horizontechfinance.com/investor-relations
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Source: Seeking Alpha
Looking at the fundamentals, it is clear that the price correction has been fully justified. Despite the drop, I still consider Horizon Technology Finance an unattractive case going forward. In this article, I will highlight the key factors of Q4, 2023 that triggered negative market reaction and lay out my thoughts on how I see Horizon Technology Finance as an investment. December, last year I wrote an article on Horizon Technology Finance NASDAQ: HRZN ) laying out an argumentation of why, in my opinion, HRZN was not the right business development company, or BDC, pick. The key arguments were the following: Pure-play focus on VC-type companies, where a notable chunk of the portfolio is associated with very early stage businesses. Clear signs of deteriorating portfolio quality. Above average debt levels, which on top of the above-mentioned aspects and challenging industry environment, introduces too excessive risk in the equation. Since then, HRZN has clearly underperf
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HRZN
News
- Horizon Technology Finance: This 12% Yield Is Not As Risky As It Looks (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Horizon Technology Finance to Announce First Quarter 2024 Financial ResultsBusiness Wire
- Horizon Technology Finance Provides First Quarter 2024 Portfolio Update [Yahoo! Finance]Yahoo! Finance
- Horizon Technology Finance Provides First Quarter 2024 Portfolio UpdateBusiness Wire
- Horizon Technology Finance Co. (NASDAQ: HRZN) had its price target lowered by analysts at UBS Group AG from $11.50 to $10.50. They now have a "neutral" rating on the stock.MarketBeat
HRZN
Earnings
- 2/27/24 - Miss
HRZN
Sec Filings
- 4/23/24 - Form DEF
- 4/10/24 - Form 8-K
- 4/2/24 - Form DEL
- HRZN's page on the SEC website