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HRZN Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
4.300
Open
4.260
VWAP
4.25
Vol
1.03M
Mkt Cap
202.69M
Low
4.210
Amount
4.39M
EV/EBITDA(TTM)
15.76
Total Shares
47.80M
EV
536.45M
EV/OCF(TTM)
9.47
P/S(TTM)
3.54
Horizon Technology Finance Corporation is a 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. The Company's investment objective is to maximize its investment portfolio’s return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It is focused on making secured debt investments to venture capital and private equity-backed companies and publicly traded companies in its target industries. It seeks to invest in companies that vary by their stage of development, their target industries and sectors of target industries and their geographical location, as well as by the venture capital and private equity sponsors that support its portfolio companies. The Company’s adviser is Horizon Technology Finance Management LLC.
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Events Timeline

(ET)
2026-03-10
09:30:00
Horizon Technology Announces Increased Distributions Post-Merger
select
2026-03-10
09:20:00
Monroe Capital Increases Special Distribution Amount by $13M
select
2026-03-06 (ET)
2026-03-06
12:30:00
Bulldog Investors Urges Monroe Capital to Reconsider Merger with Horizon
select
2026-03-03 (ET)
2026-03-03
16:20:00
Horizon Announces $0.06 Monthly Distribution Per Share, Plans Merger with Monroe Capital
select
2026-01-15 (ET)
2026-01-15
16:20:00
Horizon Technology Provides $50 Million Loan to Pelthos
select
2026-01-13 (ET)
2026-01-13
08:50:00
Pelthos Therapeutics Secures $30M Financing
select

News

Newsfilter
8.5
03-10Newsfilter
PinnedHorizon Technology Finance Announces Post-Merger Dividend Plans
  • Post-Merger Dividend Plans: Horizon Technology Finance's Board intends to utilize $27.6 million in undistributed taxable earnings as of December 31, 2025, to supplement regular monthly distributions for two quarters post-merger, with expected payouts of $0.02 to $0.04 per share monthly, thereby enhancing short-term shareholder returns.
  • Merger Details: Following the merger, HRZN will remain the public entity trading on NASDAQ and will be managed by Horizon Technology Finance Management LLC, ensuring operational stability and growth potential for the combined entity.
  • MRCC Special Distribution Increase: Monroe Capital announced a $13 million special distribution (or $0.61 per share) to its shareholders, aimed at bolstering support for the merger, alongside a planned $2.9 million final taxable earnings distribution, demonstrating a commitment to shareholder value.
  • Shareholder Voting Arrangements: The HRZN special meeting is scheduled for March 13, 2026, urging shareholders to vote as per the instructions in the joint proxy statement, highlighting the importance of shareholder engagement in the merger process.
moomoo
8.5
03-10moomoo
Horizon Technology Finance Corporation Plans to Enhance Monthly Distributions for Combined Company Shareholders After Merger with Monroe Capital Corporation
  • Announcement of Monthly Distributions: Horizon Technology Finance Corporation has announced its intent to supplement regular monthly distributions for combined company stockholders.

  • Merger Details: This announcement follows the merger with Monroe Capital Corporation, indicating a strategic move to enhance shareholder value post-merger.

Globenewswire
8.5
03-06Globenewswire
Bulldog Investors Urges Monroe to Reconsider Merger
  • Shareholder Advocacy: Bulldog Investors, holding 954,816 shares of Monroe Capital, is urging the Board to reconsider the merger with Horizon, asserting that the current terms are not in shareholders' best interests.
  • Declining Merger Value: The promised 33% NAV premium has vanished, with Monroe's market price dropping from $6.21 to $4.50, indicating a significant reduction in the merger's attractiveness.
  • Dividend Cut Impact: Horizon's announcement to slash its monthly dividend from 11 cents to 6 cents has led to a nearly 25% drop in its share price, directly affecting potential returns for Monroe shareholders.
  • NAV Comparison: With Monroe's latest NAV at $7.68, 70% above its current market price, Bulldog argues that without improved merger terms, the merger is detrimental to shareholders, suggesting the Board explore alternative value-maximizing strategies.
Newsfilter
8.5
03-06Newsfilter
Bulldog Investors Urges Monroe to Reconsider Merger
  • Shareholder Advocacy: Bulldog Investors, holding 954,816 shares of Monroe Capital, is urging the Board to reconsider the merger with Horizon Technology, arguing that the current terms are not in shareholders' best interests.
  • Merger Promises Unraveled: The initially promised 33% NAV premium has vanished, with Monroe's stock price plummeting from $6.21 to $4.50, indicating a dramatic decline in the merger's attractiveness.
  • Dividend Cut Impact: Horizon's announcement of a 45% cut in its monthly dividend from 11 cents to 6 cents has led to a nearly 25% drop in its share price, with Monroe's shares falling in tandem, reflecting market pessimism about the merger's prospects.
  • NAV vs. Market Price Discrepancy: With Monroe's latest NAV at $7.68, significantly above its current market price, Bulldog argues that without improved terms, the merger is detrimental to shareholders, suggesting the Board explore alternative strategies to maximize shareholder value.
Globenewswire
7.0
03-05Globenewswire
Investigation into Horizon Technology Finance Claims
  • Declining Financial Performance: Horizon Technology Finance Corporation reported a net investment income of $0.18 per share for Q4 2025, down from $0.32 in Q3 2025, indicating a significant decline in profitability that may undermine investor confidence.
  • Stock Price Plunge: Following the financial disclosures, Horizon Technology's common stock fell approximately 23% on the next trading day, reflecting strong market concerns regarding the company's financial health and potentially leading to further investor losses.
  • Legal Investigation Initiated: Johnson Fistel, PLLP is investigating whether Horizon Technology Finance complied with federal securities laws, and if violations are found, it may provide avenues for affected investors to seek compensation, enhancing the likelihood of legal recourse.
  • Investor Rights Advocacy: Johnson Fistel is recognized for its success in securities class actions, having recovered approximately $90.725 million for clients, demonstrating its strength and influence in protecting investor rights and pursuing justice in financial misconduct cases.
seekingalpha
9.5
03-04seekingalpha
Horizon Technology Finance Q4 2025 Earnings Call Insights
  • Merger Outlook: CEO Michael Balkin indicated that despite the government shutdown delaying the MRCC merger to 2026, the merger will significantly increase equity capital available for investment, enhancing economies of scale and competitive positioning in the market.
  • Investment Income Performance: The net investment income for Q4 2025 was reported at $0.18 per share, down from $0.32 in Q3 2025, reflecting the company's ability to maintain stable investment income amidst liquidity and revenue pressures in a challenging environment.
  • Portfolio Yield: Horizon achieved a portfolio yield on debt investments exceeding 14% in Q4, nearly 16% for the full year, demonstrating a competitive advantage in the industry, with a committed and approved backlog of $154 million.
  • Future Outlook: Management expects to further grow the portfolio in Q1 2026, driven by new venture loan transactions, aiming for a monthly distribution of $0.06 per share, despite concerns regarding earnings volatility and dividend sustainability.
Wall Street analysts forecast HRZN stock price to rise
3 Analyst Rating
Wall Street analysts forecast HRZN stock price to rise
1 Buy
1 Hold
1 Sell
Hold
Current: 0.000
sliders
Low
6.00
Averages
6.67
High
7.50
Current: 0.000
sliders
Low
6.00
Averages
6.67
High
7.50
B. Riley
Neutral
downgrade
$7
AI Analysis
2026-03-06
Reason
B. Riley
Price Target
$7
AI Analysis
2026-03-06
downgrade
Neutral
Reason
B. Riley lowered the firm's price target on Horizon Technology to $5.50 from $7 and keeps a Neutral rating on the shares. The firm sees the risk/reward largely in line with a discounted .75x P/NAV due to still-elevated credit non-accruals above the group, the analyst tells investors in a research note.
Maxim
Michael Diana
Buy
downgrade
2026-03-05
Reason
Maxim
Michael Diana
Price Target
2026-03-05
downgrade
Buy
Reason
Maxim analyst Michael Diana lowered the firm's price target on Horizon Technology to $6.50 from $7.50 and keeps a Buy rating on the shares. The company's Q4 results with net investment income of $0.18, down 33% y/y and below consensus of $0.28, was mainly due to lower portfolio yields, including lower prepayment income, though this will likely be a trough, the analyst tells investors in a research note.
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Valuation Metrics

The current forward P/E ratio for Horizon Technology Finance Corp (HRZN.O) is 4.70, compared to its 5-year average forward P/E of 8.18. For a more detailed relative valuation and DCF analysis to assess Horizon Technology Finance Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
8.18
Current PE
4.70
Overvalued PE
10.60
Undervalued PE
5.76

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
3.76
Current PS
2.67
Overvalued PS
4.74
Undervalued PS
2.77

Financials

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Frequently Asked Questions

What is Horizon Technology Finance Corp (HRZN) stock price today?

The current price of HRZN is 4.24 USD — it has decreased -0.47

What is Horizon Technology Finance Corp (HRZN)'s business?

Horizon Technology Finance Corporation is a 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. The Company's investment objective is to maximize its investment portfolio’s return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It is focused on making secured debt investments to venture capital and private equity-backed companies and publicly traded companies in its target industries. It seeks to invest in companies that vary by their stage of development, their target industries and sectors of target industries and their geographical location, as well as by the venture capital and private equity sponsors that support its portfolio companies. The Company’s adviser is Horizon Technology Finance Management LLC.

What is the price predicton of HRZN Stock?

Wall Street analysts forecast HRZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HRZN is6.67 USD with a low forecast of 6.00 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Horizon Technology Finance Corp (HRZN)'s revenue for the last quarter?

Horizon Technology Finance Corp revenue for the last quarter amounts to 22.03M USD, increased 3106.55

What is Horizon Technology Finance Corp (HRZN)'s earnings per share (EPS) for the last quarter?

Horizon Technology Finance Corp. EPS for the last quarter amounts to 0.20 USD, decreased -162.50

How many employees does Horizon Technology Finance Corp (HRZN). have?

Horizon Technology Finance Corp (HRZN) has 0 emplpoyees as of March 12 2026.

What is Horizon Technology Finance Corp (HRZN) market cap?

Today HRZN has the market capitalization of 202.69M USD.