Horizon Technology: Time To Be Careful (Rating Downgrade) [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
Company Research
Source: Seeking Alpha
The BDC reported a near-7% drop in net asset value due to investment losses. Because of soaring NII, Horizon Technology disclosed a higher dividend safety margin. The dividend should be safe in the short term, but the risk profile has deteriorated. Horizon Technology Finance ( NASDAQ: HRZN ) is a technology/niche BDC that recently reported better than expected earnings for the fourth fiscal quarter. TriplePoint Venture ( TPVG ) unfortunately also reported a double-digit Q/Q drop-off in its net asset value due to realized investment losses which has weighed on the BDC's valuation. Horizon Technology's results were not entirely bad and the investment company supported its dividend with net investment income. I don't see any near term pressure on the dividend, but the drop-off in NAV and the large amount of investment losses is a concern and I am down-grading to hold as a result. Previous rating I rated Horizon Technology a buy in January shortly after the company supplied a b
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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: Still Too Expensive After The Price Correction [Seeking Alpha]Seeking Alpha
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