Horizon Technology Finance Corp. (HRZN)

Horizon Technology Finance Corp. (HRZN) — Recent Articles & Press Releases:

Horizon Technology Finance Corp. (HRZN) — Key Stats & Information:

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HRZN has BDC Baby Bonds: HTFB HTFC
RankBDCYield   
• • •   
#16  CION 11.74%  
#17  GSBD 11.55%  
#18  SCM 11.43%  
#19  OCSL 11.40%  
#20  HRZN 11.18%  
#21  BBDC 10.98%  
#22  BKCC 10.87%  
#23  PFLT 10.81%  
#24  SLRC 10.63%  
• • •   
Current Stock Price:
(Data delayed 20 minutes)
$11.81
Most Recent NAV/Share:
(As of 3/31/2024)
$9.64
Current Price/NAV: 1.23x
Annualized Regular Dividend: $1.52
Annualized Current Yield: 12.87%
TTM = Trailing Twelve Months
  6/30/2023 9/30/2023 12/31/2023 3/31/2024
NAV/Share: $11.07 $10.41 $9.71 $9.64
Debt/Equity: 1.31 1.51 1.19 1.20
NOI/Share: $0.54 $0.53 $0.45 $0.38
EPS/Share: $0.01 $-0.37 $-0.04 $0.26
Sum of TTM NOI/Share
(Or NII/share where applicable)
$1.90
TTM NOI Yield:
(As percentage of current $11.81 price)
16.09%
Sum of TTM EPS/Share
$-0.14
TTM EPS Yield:
(As percentage of current $11.81 price)
-1.19%
Sum of TTM Regular Dividends $1.37
TTM Dividend Yield:
(As percentage of current $11.81 price)
11.60%
% Senior Debt % Sub Debt % Equity % Other
94.3% 0% 5.7% 0%
Stock Price @ Quarter End:
(Closest close to 3/31/2024)
$11.37
NAV/Share: $9.64
Price/NAV: 1.18x
Shares Outstanding: 33.53M
Market Cap: 381.29M
Investments at Cost: 765.17M
Investments at Fair Value: 711.12M
Difference: -54.06M
Net Asset Value: 323.28M
Leverage 387.84M
Debt:Equity Ratio 1.20:1
Originations:
(During quarter)
33.50M
Repayments:
(During quarter)
-9.18M
Difference: 24.32M
Realized Gains/Losses:
(During quarter)
8.00M
Unrealized Gains/Losses:
(During quarter)
-3.96M
Non-Accruals at Cost: 12.5%
Non-Accruals at Fair Value: 7.2%
Net Operating Income / Share
(Or Net Investment Income where applicable)
$0.38
EPS/Share $0.26
Regular Dividends/Share $0.38
Regular Dividend Yield (Annualized)
(Against quarter-end $11.37 stock price)
13.37%
Although best efforts are made to minimize errors, there is no guarantee this data is free of error and therefore it should not be relied upon for investment decisions. See full disclaimer.
Base Management Fee: 2%
Fees Paid on Cash?: No
NOI Incentive Fee: 20%
Annual Hurdle Rate: 7%
Capital Gains Fee: 20%
Incentive Catch-Up Provision: Yes
Total Return Hurdle: Yes - 3 Year
Fees on Non-Cash Income: Yes
Notes / Additional Features:
In August 2014, the management agreement was changed to include a 3-year total return hurdle and no management fees charged on cash.
For more information see HRZN SEC filings.
RankBDCPrice/NAV   
#1  MAIN 1.72x  
#2  HTGC 1.70x  
#3  CSWC 1.56x  
#4  OXSQ 1.25x  
#5  HRZN 1.23x  
#6  TSLX 1.22x  
#7  BXSL 1.21x  
#8  TRIN 1.14x  
#9  GBDC 1.12x  
• • •   
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12/31
2010
...3/31
2024
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12/31
2010
...3/31
2024
 Avg: 1.00x
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12/31
2010
...3/31
2024
(regular quarterly amount annualized)
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12/31
2010
...3/31
2024
 Avg: 10.39%
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12/31
2010
...3/31
2024
 Avg: .71:1
(or NII/share when applicable)
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12/31
2010
...3/31
2024
RankBDC1Yr NAV/Sh Change  
• • •   
#39  OFS -10.24% 
#40  PSEC -10.26% 
#41  ICMB -13.84% 
#42  TCPC -14.31% 
#43  HRZN -14.99% 
#44  FCRD -20.92% 
#45  TPVG -22.84% 
• • •   
 

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