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horizon technology finance corp

Horizon Technology Finance Corp (NASDAQ:HRZN) Q3 2020 Earnings Conference Call November 4, 2020 9:00 AM ET. The company's filing status is listed as Automatic Dissolution and its File Number is 320100. It also involves in lending and investing in portfolio companies in technology, life science, healthcare information and services, and cleantech industries. Horizon balances its inherent optimism with a selective origination and a rigorous underwriting process. The Registered Agent on file for this company is Mike Nazha and is located at 6613 Barrie, Dearborn, MI 48126. (860) 674-9977 Now, you may be wondering how this ultra-high yielder manages to maintain its payout. Co.'s 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. Also, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. FARMINGTON, Conn. (AP) _ Horizon Technology Finance Corp. (HRZN) on Tuesday reported a third-quarter loss of $3.3 million, after reporting a profit … Set Alert Options Streaming Charts. Horizon is a leading venture lending platform that thoughtfully and creatively provides structured debt products to life science and technology companies. So, the big question now is: Can the company afford its current payout level? At the same time, it makes more frequent distributions than most companies. Reston, VA Headquartered in Farmington, CT, the company’s investment objective is to “maximize our investment portfolio’s return by generating current income from the debt investments we make and capital appreciation from the warrants we receive when making such debt investments.” (Source: “Fact Sheet,” Horizon Technology Finance Corp, last accessed November 11, 2020. NEW YORK, NY / ACCESSWIRE / November 4, 2020 / Horizon Technology Finance Corp. Horizon Technology Finance Corp. Stock (NASDAQ) HRZN Dividend policy No Change Price as of: DEC 09, 11:00 AM EDT $12.84 -0.11 -0.85% HRZN: NASDAQ (Stock) Horizon Technology Finance Corp. Dividend policy No Change Price as of: DEC 09, 11:00 AM EDT $12.84 -0.11 -0.85% And yet, Horizon Technology Finance Corp (NASDAQ:HRZN) manages to offer an annual dividend yield above the double-digit mark. While the amount represented a decline from the $0.42 per share earned in the year-ago period, it was in excess of the company’s three monthly dividends totaling $0.30 per share paid for the quarter. Suite 500 We hate spam as much as you do. No credit card required. With today’s ultra-low interest rates, most income investors would be pretty happy to earn a dividend yield of five percent. We have now covered our distributions with NII for the past 3 years.” (Source: “Horizon Technology Finance Corp (HRZN) CEO Robert Pomeroy on Q3 2020 Results – Earnings Call Transcript,” Seeking Alpha, November 4, 2020.). Horizon offers growth-oriented loans to finance a variety of business activities. Horizon Technology Finance Corp HRZN Morningstar Rating Rating as of Dec 7, 2020. Business Description Horizon Technology Finance Corp. is a finance company, which engages in the provision of capital in the form of secured loans to venture capital backed companies. The Company's investment objective is to maximize 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. Horizon Technology Finance Corp HRZN:NASDAQ. Horizon, though, did not reduce its payout. Megan Bacon - Marketing Support Manager. Horizon Technology Finance Corp is based out of Farmington. Horizon’s experienced team of investment and operations professionals has been providing debt capital to some of the most exciting companies for decades. And yet, Horizon Technology Finance Corp (NASDAQ:HRZN) manages to offer an annual dividend yield above the double-digit mark. Horizon Technology Finance Corporation operates as an externally managed, closed-end, non-diversified management investment company. Sound too good to be true? As the world’s largest distributor of factory recertified drives for Seagate, WDC, and Toshiba, we offer unparalleled technical expertise and the highest levels of … Company Participants. The company's filing status is listed as Automatic Dissolution and its File Number is 429505. Biotechnology, medical device, drug delivery, genetics, specialty pharmaceuticals, R&D instrumentation. In fact, the monthly dividends it just declared are the exact same amount it was paying before the pandemic. This is an entirely free service. CEO of Aerin Medical, “In analyzing various sources of funding, Horizon’s experienced venture lending team provided the most attractive value-added loan.”, Stephen Wills Horizon has been focused on the data center for over 20 years, working with the most recognizable names in the industry. 47912 Halyard Dr, Suite 100 Plymouth, Michigan 48170. Well, according to its latest earnings report, Horizon Technology Finance Corp generated net investment income of $0.34 per share in the third quarter of 2020. Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare … © Copyright 2020: Income Investors. Headquartered in Farmington, Connecticut, Horizon Technology Finance Corporation (NASDAQ: HRZN) is managed by its advisor Horizon Technology Finance Management LLC. Horizon Technology Finance 06032, Horizon Technology Finance Horizon applies leading-edge research and disruptive financial engineering to empower advisors and help achieve real-world outcomes for investors. 349 Main Street Main: (734) 656-3000 corpcomm@horizonglobal.com © Horizon Global https://www.incomeinvestors.com/horizon-technology-finance-corp-solid-10-percent-yielder/58857/, Horizon Technology Finance Corp: Solid 10.3% Yielder with Monthly Payments. Check out our privacy policy. Horizon Technology Finance Corporation operates as an externally managed, closed-end, non-diversified management investment company. View the latest quote, returns and news for Horizon Technology Finance Corp. (HRZN). Horizon provides portfolio companies with meaningful debt capital that can be used like equity capital, but that has a much lower cost and dilution to investors and employees. LendingPartner. Barron's provides information on holdings, historical returns and other key fund data. Undistributed spillover income can be used to fund shareholder distributions in future periods, providing an additional level of dividend safety. (Source: “Horizon Technology Finance Announces Third Quarter 2020 Financial Results,” Horizon Technology Finance Corp, November 3, 2020.). Senior Vice President & CFO Co.'s 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. No credit card required. Pleasanton, CA Horizon Technology Finance is an externally managed, non-diversified, closed-end investment company. Horizon Technology Finance Corp is a specialty finance company. About Horizon Technology Finance. For each investment opportunity, Horizon carefully evaluates the company’s management team, investors, equity history, technology value, intellectual property and other critical factors. Suite 203 Horizon offers not only the capital a company needs to grow, but a deep understanding of the technology and life science markets, strong relationships in the venture debt and capital industries, a proven financing model and years of experience helping companies and their investors succeed. CFO and Chief Operating Officer of Palatin, CFO and Chief Operating Officer of Palatin, Security: First lien or first lien behind a bank revolver. 94566, Horizon Technology Finance You can opt-out at anytime. Since 2004, Horizon has directly originated and invested more than $2 billion in venture loans to more than 250 growing companies. Horizon Technology Finance Corp is a specialty finance company. Horizon’s selective origination ensures that Horizon and its prospect are not spending valuable time and energy when venture debt is not the right solution. Like its portfolio companies, Horizon is optimistic and forward-looking. Find the latest dividend history for Horizon Technology Finance Corporation Common Stock (HRZN) at Nasdaq.com. Horizon Technology Finance is an externally managed, non-diversified, closed-end investment company. Get Horizon Technology Finance Corp (HRZN:NASDAQ) real-time stock quotes, news and financial information from CNBC. With Horizon’s industry knowledge and proven reliability as a capital source, combined with its long-standing relationships in the venture capital community, the Horizon team shares the optimism of its portfolio companies and their commitment to overcome any obstacles to success. On corrections up, there will be some resistance from the lines at $11.73 and $12.31. Horizon Technology Finance Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Lending to venture-capital-backed companies in fast-growing industries is very lucrative. Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. Horizon’s venture debt products have become a valuable tool in the equity investors’ toolbox to fund the growth of its portfolio companies, while maximizing returns on equity. (Source: “Horizon Technology Finance Announces Monthly Distributions for January, February and March 2021 Totaling $0.30 per Share,” Horizon Technology Finance Corp, November 3, 2020.). Find real-time HRZN - Horizon Technology Finance Corp stock quotes, company profile, news and forecasts from CNN Business. Horizon’s goal is not to simply get a deal done, but to provide a successful financing solution that will propel a portfolio company forward. Check out our privacy policy. Headquartered in Farmington, Connecticut, Horizon Technology Finance Corporation (NASDAQ: HRZN) is managed by its advisor Horizon Technology Finance Management LLC. Horizon is a leading venture lending platform that thoughtfully and creatively provides structured debt products to life science and technology companies. That being said, a covered 10.3% yield—combined with a monthly distribution schedule—makes Horizon Technology Finance Corp stand out among today’s dividend stocks. 20190, “With their experience in lending to healthcare and technology companies, Horizon was able to structure a financing facility that met our specific needs.”, Steve Krupa Oasis Midstream Partners LP: Is This 20% Yield for Real? Dan Trolio Here's what investors should know. Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. The Horizon Technology Finance Corporation stock holds sales signals from both short and long-term moving averages. HRZN | A complete Horizon Technology Finance Corp. mutual fund overview by MarketWatch. At the end of September, the company’s debt portfolio consisted of 34 secured loans, with an aggregate fair value of $298.9 million. Diagnostics, medical records, digital health, patient management software. Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. Farmington, CT We’re an award-winning investment solutions provider, dedicated to making an impact on the people and communities we touch. The distribution level reflects our outlook for the remainder of 2020 and the beginning of 2021 and our spillover income at September 30. Meanwhile, the company had warrant, equity, and other investments totaling $12.9 million in aggregate fair value. Of course, high-yield stocks are not really known for their dividend safety, especially in this year’s challenging economic environment caused by COVID-19. This is an entirely free service. 312 Farmington Avenue View mutual fund news, mutual fund market and mutual fund interest rates. 3 High-Yield Pipeline Stocks Paying Up to 15%, Retailer Issues Massive $4.4-Billion Special Dividend to Shareholders, These Are the Highest-Yielding Consumer Staples Stocks, Insurer Authorizes Special Dividend to Shareholders, Main Street Capital Corporation: Monthly Dividend Stock Yields 7.7%, Enable Midstream Partners LP: This 11.3% Yielder Looks Interesting, Realty Income Corp: Delivering 3 Consecutive Dividend Hikes Despite the Pandemic, Johnson & Johnson: 3 Reasons to Check Out This Dividend Giant Now. We hate spam as much as you do. Horizon Applied Technology Corp. is a Michigan Domestic Profit Corporation filed on April 1, 1992. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. Horizon’s financing solutions are tailored to each company’s unique funding needs and business and development plans. This upfront communication serves as a gateway to a smooth underwriting and approval process. You can opt-out at anytime. Here’s the neat part: because Horizon is structured as a business development company (BDC), it must return at least 90% of its profits to investors through dividends. This balance of debt and equity capital makes Horizon a perfect partner for its portfolio companies, their employees and their investors. Well, on November 3, the company announced that its board of directors declared monthly cash dividends of $0.10 per share, payable in January, February, and March 2021. Horizon Technology, Inc. is a Michigan Domestic Profit Corporation filed on June 27, 1990. 1818 Library Street All rights reserved. This is an entirely free service. (Source: “S&P 500 Dividend Yield,” multpl.com, last accessed November 11, 2020.). This is a look at Horizon Technology Finance Corp (NASDAQ:HRZN), a monthly dividend stock with an annual yield of 10.3%. “Horizon’s experienced team of venture lending professionals provided us an attractive source of capital to drive IgnitionOne’s future growth. Commenting on the HRZN stock distribution policy, Horizon’s chairman and CEO, Robert Pomeroy, said, “It is our board’s policy to make distributions in amounts that can be covered by NII over time. In exchange for meeting that mandatory distribution requirement, BDCs do not have to pay income tax at the corporate level. CEO of HealthEdge, “Horizon’s experienced team of lending experts structured a financing solution designed to support our go-to-market strategy.”, Frank Fawzi After all, a 10-year U.S. government bond yields a measly 0.8%, while the average dividend yield of S&P 500 companies stands at just 1.7%. Well, Horizon is a specialty finance company that invests in venture-capital-backed companies in the technology, life sciences, health-care information and services, and sustainability industries. Dividend Stocks,Horizon Technology Finance Stock, https://www.incomeinvestors.com/wp-content/uploads/2020/11/green-money-american-money-cash-money-stacks-of-money_t20_G0Ko9o-150x150.jpg, Horizon Technology Finance Announces Monthly Distributions for January, February and March 2021 Totaling $0.30 per Share, Horizon Technology Finance Announces Third Quarter 2020 Financial Results, Horizon Technology Finance Corp (HRZN) CEO Robert Pomeroy on Q3 2020 Results – Earnings Call Transcript. With HRZN stock trading at $11.66 per share, those monthly dividends come out to an annual yield of 10.3%. The members of the Horizon team have, collectively, originated and invested more than $5 billion in venture loans to thousands of companies. Will Margiloff Alternative fuels, energy efficiency, green building materials, agbio, foodtech, water technology, and other related sustainability technologies. The Registered Agent on file for this company is Ali Mokbel and is located at 6127 Orchard, Dearborn, MI 48126. Machine learning, cloud computing and storage, communications/wireless, cybersecurity, data analytics, internet and media, networking, software and other related emerging technologies. Horizon realizes that the success of its portfolio companies is not solely dependent on financing alone. If you follow double-digit yielders, you’d know that, in recent months, dividend cuts have not been uncommon. Last Price $12.70 NASDAQ Previous Close - Last Trade as of 1:00PM ET 11/27/20 At the same time, it makes more frequent distributions than most companies. dtrolio@horizontechfinance.com, Horizon Technology Finance In other words, the pass-through structure of BDCs is one of the reasons behind HRZN stock’s oversized dividends. In the third quarter of 2020, the annualized portfolio yield on Horizon’s debt investments was 15.1%. CEO of IntelePeer. ), With a strong focus on income generation, most of Horizon’s portfolio is invested in debt instruments. At this point, it’s important to remember that, as is the case with any stock, HRZN stock’s dividends are not carved in stone. No credit card required. CEO of IgnitionOne, “We are excited to have Horizon as a financial partner given its considerable experience with companies bringing new, innovative technologies to market.”, Fred Dinger Furthermore, after earning $0.34 per share in net investment income and paying $0.30 per share in dividends for the quarter, Horizon still had $0.45 per share in undistributed spillover income as of September 30. (Source: “Dividend History,” Horizon Technology Finance Corp, last accessed November 11, 2020.). 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