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home / news releases / HRZN - Horizon Technology: The Risks Have Increased While Yield Has Remained Unattractive

HRZN - Horizon Technology: The Risks Have Increased While Yield Has Remained Unattractive

Horizon Technology Finance Corporation

2024-06-21 14:31:31 ET

Summary

  • Horizon Technology Finance has underperformed the BDC market by 15% since December, with worsening portfolio quality and yield compression.
  • Q1, 2024 earnings report shows continued decline in net investment income, with NAV dropping and portfolio stagnating at lower yield levels.
  • Despite sourcing fresh equity, HRZN's underlying portfolio profile has deteriorated, making it still a risky investment choice with uncertain fundamentals.

I have been bearish on Horizon Technology Finance ( HRZN ) since December last year, when I issued my first article on this BDC, arguing that the above-average yield does not compensate the underlying risk exposures....

For further details see:

Horizon Technology: The Risks Have Increased, While Yield Has Remained Unattractive
Stock Information
Company Name: Horizon Technology Finance Corporation
Stock Symbol: HRZN
Market: NASDAQ
Website: horizontechfinance.com
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