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HRZN - Horizon Technology: Time To Be Careful (Rating Downgrade)
March, 14 2024 11:17 PM
Horizon Technology Finance Corporation
2024-03-14 23:17:39 ET
Summary Horizon Technology reported better than expected NII for Q4 and supported its dividend with net investment income. The BDC reported a near-7% drop in net asset value due to investment losses. Because of soaring NII, Horizon Technology disclosed a higher dividend safety margin. The dividend should be safe in the short term, but the risk profile has deteriorated. For further details see:
Horizon Technology: Time To Be Careful (Rating Downgrade)
Stock Information
Company Name:
Horizon Technology Finance Corporation
Stock Symbol:
HRZN
Market:
NASDAQ
Website:
horizontechfinance.com
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