Horizon Techn Stock Price, News & Analysis

Horizon Technology Finance Corporation (NASDAQ: HRZN) announced monthly cash distributions of $0.10 per share for July, August, and September 2021, totaling $0.30 per share. Since its IPO in 2010, Horizon has distributed a total of $156 million to shareholders. The board evaluates taxable income for these distributions, which may differ from GAAP net income due to various factors. Horizon also offers a Dividend Reinvestment Plan, allowing investors to reinvest distributions into additional shares.

Horizon Technology Finance Corporation (NASDAQ: HRZN) reported strong first-quarter 2021 results, achieving a net investment income of $6.0 million ($0.31 per share), up from $4.3 million ($0.26) year-over-year. The total investment portfolio grew to $380.0 million with a net asset value of $217.7 million ($11.07 per share). The annualized yield on debt investments was 15.2%. Horizon funded $51.0 million in new loans, raised $4.9 million through its ATM program, and declared a $0.10 per share distribution for July to September 2021. The liquidity position remains robust with $148.6 million available.

Horizon Technology Finance Corporation (NASDAQ: HRZN) announced it will release its financial results for Q1 2021 on April 27, 2021, after market close. A conference call is scheduled for April 28, 2021, at 9:00 a.m. ET, featuring key executives including CEO Robert D. Pomeroy, Jr. Participants can join via phone or listen to a live webcast on Horizon's website. The company focuses on providing secured loans to venture-backed firms in technology, life sciences, healthcare, and sustainability sectors, aiming to maximize returns through current income and capital appreciation.

Horizon Technology Finance Corporation (NASDAQ: HRZN) reported a strong first quarter of 2021, with $51 million in loans originated to new and existing companies. The firm experienced significant liquidity events, including $17.2 million in principal prepayments and $0.8 million in warrant proceeds. However, new loan commitments totaled $48.5 million, a decrease from the previous quarter's $103.1 million. As of March 31, 2021, Horizon’s backlog stood at $94 million. The company emphasizes growth potential in its venture lending brand and robust pipeline of investment opportunities.

Horizon Technology Finance Management announced a deal with Waterfall Asset Management on March 4, 2021, to launch a venture debt portfolio with an initial commitment of $100 million, potentially increasing to $300 million. This partnership aims to enhance Horizon's ability to invest in emerging companies, thereby diversifying its portfolios and mitigating concentration risks. The company's strategic positioning allows it to capitalize on the growing trend of venture-backed firms integrating debt into their capital structures.

Horizon Technology Finance Corporation (Nasdaq: HRZN) has priced a public offering of $50 million in notes due 2026, expecting net proceeds of approximately $48.25 million. The notes will bear an interest rate of 4.875% annually, with the first payment on June 30, 2021. This offering, closing on March 30, 2021, is intended for debt repayment and general corporate purposes. A 30-day option for underwriters to purchase an additional $7.5 million in notes is also available. The notes will be listed on the NYSE under 'HTFB.'

Horizon Technology Finance Corporation (NASDAQ: HRZN) has announced a $9 million venture loan facility to InfoBionic, Inc., of which $7 million is initially funded. InfoBionic, known for its FDA-cleared MoMe® Kardia platform, aims to enhance cardiac arrhythmia monitoring for physicians. The loan proceeds will support InfoBionic's growth and operational needs. Gerald A. Michaud, President of Horizon, emphasized the importance of this technology in ensuring timely treatment, while InfoBionic's CEO, Stuart Long, highlighted the investment's role in advancing their innovation.

Horizon Technology Finance Corporation (NASDAQ: HRZN) has declared monthly cash distributions of $0.10 per share for April, May, and June 2021, totaling $0.30 per share. Since its IPO in 2010, Horizon has distributed $153 million to shareholders. The board reviews estimates of taxable income before declaring distributions, which may differ from GAAP net income. Horizon also offers a Dividend Reinvestment Plan (DRIP) for stockholders to reinvest distributions. For further information, visit horizontechfinance.com.

Horizon Technology Finance Corporation (HRZN) reported its Q4 and full-year 2020 financial results, revealing a decline in net investment income (NII) to $3.9 million ($0.21 per share) from $6.5 million ($0.43 per share) in 2019. The total investment portfolio stood at $352.5 million, with a net asset value of $212.6 million ($11.02 per share). Despite a challenging year, new loans amounting to $76.6 million were funded in Q4. Monthly distributions of $0.10 per share were declared for April, May, and June 2021, showcasing a proactive portfolio management strategy.