Horizon Technology's share price has bottomed out, presenting a prime buying opportunity for long-term investors due to improved market trends and financial metrics. The venture capital market's robust recovery and Horizon's aggressive growth strategy are expected to drive investment income and portfolio growth. Horizon Technology's dividend yield of over 14% is secure, supported by strong liquidity and investment income covering dividend payments.
Investors love dividend stocks, especially the ultra-high-yield variety, because they offer a significant income stream and have massive total return potential.
NEW YORK, NY / ACCESS Newswire / March 7, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Horizon Technology Finance Corporation ("Horizon" or the "Company") (NASDAQ:HRZN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Horizon Technology Finance (NASDAQ:HRZN ) Q4 2024 Earnings Conference Call March 5, 2025 9:00 AM ET Company Participants Megan Bacon - Director, Investor Relations and Marketing Robert Pomeroy - Chairman and CEO Jerry Michaud - President Dan Devorsetz - COO and CIO Dan Trolio - CFO Conference Call Participants Douglas Harter - UBS Paul Johnson - KBW Christopher Nolan - Ladenburg Thalmann Operator Greetings, and welcome to the Horizon Technology Finance Corporation Fourth Quarter 2024 Conference Call. At this time, all participants will be in listen-only mode.
Horizon Technology Finance (HRZN) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.45 per share a year ago.
FARMINGTON, Conn.--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”) (the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that its board of directors has declared monthly cash distributions of $0.11 per share, payable in each.
Horizon Technology Finance struggles with poor dividend coverage, deteriorating net investment income, and high non-accrual rates, leading to a sell rating. HRZN's concentrated focus on life sciences and healthcare, coupled with a small portfolio size, makes it vulnerable in high-interest rate environments. Despite a high dividend yield of 14.7%, HRZN's financials are weak, and a dividend cut is likely in 2025.
I have been covering Horizon Technology since December 2023, when I issued my first bearish thesis, indicating the risks are too high and the yield does not justify them. Since then, HRZN has underperformed the BDC index by ~29%, even though the dividend has remained intact. In this article, I assess the Q3 2024 earnings report and explain why, in my opinion, the BDC is still too risky to enter.
Horizon Technology Finance (NASDAQ:HRZN ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Megan Bacon - Director, Investor Relations and Marketing Robert Pomeroy - Chairman and CEO Jerry Michaud - President Dan Devorsetz - COO and CIO Dan Trolio - CFO Conference Call Participants Douglas Harter - UBS Bryce Rowe - B. Riley Securities Christopher Nolan - Ladenburg Thalmann Paul Johnson - KBW Operator Greetings, and welcome to the Horizon Technology Finance Corporation Third Quarter 2024 Earnings Call.
Horizon Technology Finance (HRZN) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.53 per share a year ago.