Welcome to our dedicated page for Horizon Techn news (Ticker: HRZN), a resource for investors and traders seeking the latest updates and insights on Horizon Techn stock.
Horizon Techn (HRZN) provides venture lending and structured debt solutions to innovation-driven companies across technology, life sciences, healthcare, and related sectors. This news hub offers investors and stakeholders timely access to official updates and strategic developments.
Track all essential HRZN announcements in one location, including earnings reports, partnership agreements, and operational milestones. Our curated collection ensures you stay informed about financing initiatives, portfolio company progress, and industry leadership developments without market speculation.
Key updates cover debt financing arrangements, warrant-related activity, and sector-specific growth initiatives. Bookmark this page for efficient monitoring of Horizon Techn's strategic positioning within specialty finance markets. Regular visits provide critical insights for informed analysis of HRZN's market role and investment profile.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced the release date for its first quarter financial results for 2023, set for May 2, 2023, after market close. The company specializes in providing secured loans to venture-backed firms in technology and life sciences. A conference call to discuss the results will be held on May 3, 2023, at 9:00 a.m. ET, featuring executives including Chairman Robert D. Pomeroy, Jr. Investors can listen to the call through a live webcast on the company's website, with an archive available for 30 days. Horizon aims to maximize returns through debt investments and capital appreciation from warrants. For more information, visit horizontechfinance.com.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported its first-quarter 2023 portfolio update, highlighting the origin of $47 million in loans, with $40 million allocated specifically for HRZN. As of March 31, 2023, the company maintained a robust committed backlog of $218 million, including $187 million directly tied to HRZN. The quarter also saw $29 million in loan payoffs, boosting income and prepayment fees. Notably, new loan commitments totaled $31.4 million, down from $102.6 million in the previous quarter. However, HRZN's liquidity improved significantly, capturing $32.1 million from liquidity events. The company remains well positioned for future investments despite a challenging economic climate.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced monthly cash distributions of $0.11 per share for April, May, and June 2023, totaling $0.33 per share. This decision follows a review of taxable income estimates by the board of directors. Since its IPO in 2010, Horizon has disbursed $210 million in distributions to shareholders. The company also offers a Dividend Reinvestment Plan (DRIP) for shareholders who prefer to reinvest their distributions. The ex-dividend and record dates for each distribution are specified in the announcement, enabling investors to plan accordingly.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported a strong performance for Q4 2022, achieving a net investment income (NII) of $10.7 million, or $0.40 per share, and a record portfolio growth of 57% year-over-year, reaching $720 million. The annual debt portfolio yield was 14.4%. The company ended 2022 with a net asset value of $318.4 million, or $11.47 per share, and declared monthly distributions totaling $0.33 per share for Q1 2023. Horizon's successful issuance of $100 million in asset-backed notes and robust backlog of $255 million positions it well for future growth.
FAQ
What is the current stock price of Horizon Techn (HRZN)?
What is the market cap of Horizon Techn (HRZN)?
