Horizon Technology FinanceHRZN
About: Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total 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 lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
75% more call options, than puts
Call options by funds: $3.5M | Put options by funds: $2M
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
2% more capital invested
Capital invested by funds: $26.3M [Q1] → $26.9M (+$595K) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.58% less ownership
Funds ownership: 6.56% [Q1] → 5.97% (-0.58%) [Q2]
8% less funds holding
Funds holding: 61 [Q1] → 56 (-5) [Q2]
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
B. Riley Securities Bryce Rowe 60% 1-year accuracy 3 / 5 met price target | 12%downside $9 | Sell Reiterated | 1 Aug 2024 |
Keefe, Bruyette & Woods Paul Johnson 100% 1-year accuracy 7 / 7 met price target | 12%downside $9 | Underperform Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 3 articles about HRZN published over the past 30 days