Meanwhile, the company had warrant, equity, and other investments totaling $12.9 million in aggregate fair value. CEO of HealthEdge, “Horizon’s experienced team of lending experts structured a financing solution designed to support our go-to-market strategy.”, Frank Fawzi Horizon Technology Finance Corporation ('Horizon') is a closed-end, externally managed investment company that primarily makes secured loans to development-stage companies in the technology, life science healthcare information and services and cleantech industries. 312 Farmington Avenue 06032, Horizon Technology Finance Horizon Technology Finance is an externally managed, non-diversified, closed-end investment company. 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. 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 349 Main Street Diagnostics, medical records, digital health, patient management software. 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. With HRZN stock trading at $11.66 per share, those monthly dividends come out to an annual yield of 10.3%. So, the big question now is: Can the company afford its current payout level? 47912 Halyard Dr, Suite 100 Plymouth, Michigan 48170. CFO and Chief Operating Officer of Palatin, CFO and Chief Operating Officer of Palatin, Security: First lien or first lien behind a bank revolver. FARMINGTON, Conn. (AP) _ Horizon Technology Finance Corp. (HRZN) on Tuesday reported a third-quarter loss of $3.3 million, after reporting a profit … Horizon Technology Finance Corp is based out of Farmington. This is an entirely free service. 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. LendingPartner. Horizon’s experienced team of investment and operations professionals has been providing debt capital to some of the most exciting companies for decades. 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. Like its portfolio companies, Horizon is optimistic and forward-looking. We’re an award-winning investment solutions provider, dedicated to making an impact on the people and communities we touch. 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. 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. 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.). Company Participants. Horizon Technology Finance Corporation operates as an externally managed, closed-end, non-diversified management investment company. View mutual fund news, mutual fund market and mutual fund interest rates. Horizon Technology Finance is an externally managed, non-diversified, closed-end investment company. 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. Here's what investors should know. If you follow double-digit yielders, you’d know that, in recent months, dividend cuts have not been uncommon. In exchange for meeting that mandatory distribution requirement, BDCs do not have to pay income tax at the corporate level. Megan Bacon - Marketing Support Manager. NEW YORK, NY / ACCESSWIRE / November 4, 2020 / Horizon Technology Finance Corp. Farmington, CT In the third quarter of 2020, the annualized portfolio yield on Horizon’s debt investments was 15.1%. The company's filing status is listed as Automatic Dissolution and its File Number is 429505. Horizon Technology Finance At the end of September, the company’s debt portfolio consisted of 34 secured loans, with an aggregate fair value of $298.9 million. Biotechnology, medical device, drug delivery, genetics, specialty pharmaceuticals, R&D instrumentation. Horizon Technology Finance Corp HRZN Morningstar Rating Rating as of Dec 7, 2020. Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. 1818 Library Street 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. Undistributed spillover income can be used to fund shareholder distributions in future periods, providing an additional level of dividend safety. Horizon Technology Finance Corp is a specialty finance company. We hate spam as much as you do. This is a look at Horizon Technology Finance Corp (NASDAQ:HRZN), a monthly dividend stock with an annual yield of 10.3%. Horizon, though, did not reduce its payout. Suite 203 In other words, the pass-through structure of BDCs is one of the reasons behind HRZN stock’s oversized dividends. 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 … Horizon realizes that the success of its portfolio companies is not solely dependent on financing alone. Horizon’s financing solutions are tailored to each company’s unique funding needs and business and development plans. Last Price $12.70 NASDAQ Previous Close - Last Trade as of 1:00PM ET 11/27/20 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. This is an entirely free service. On corrections up, there will be some resistance from the lines at $11.73 and $12.31. Main: (734) 656-3000 corpcomm@horizonglobal.com © Horizon Global Horizon Technology Finance Corp is a specialty finance company. 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% Headquartered in Farmington, Connecticut, Horizon Technology Finance Corporation (NASDAQ: HRZN) is managed by its advisor Horizon Technology Finance Management LLC. (860) 674-9977 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. Oasis Midstream Partners LP: Is This 20% Yield for Real? The Registered Agent on file for this company is Mike Nazha and is located at 6613 Barrie, Dearborn, MI 48126. 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 Find real-time HRZN - Horizon Technology Finance Corp stock quotes, company profile, news and forecasts from CNN Business. No credit card required. 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%. dtrolio@horizontechfinance.com, Horizon Technology Finance Set Alert Options Streaming Charts. Get Horizon Technology Finance Corp (HRZN:NASDAQ) real-time stock quotes, news and financial information from CNBC. 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 HRZN:NASDAQ. Alternative fuels, energy efficiency, green building materials, agbio, foodtech, water technology, and other related sustainability technologies. Lending to venture-capital-backed companies in fast-growing industries is very lucrative. © Copyright 2020: Income Investors. You can opt-out at anytime. 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. For each investment opportunity, Horizon carefully evaluates the company’s management team, investors, equity history, technology value, intellectual property and other critical factors. Barron's provides information on holdings, historical returns and other key fund data. 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. 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. Senior Vice President & CFO HRZN | A complete Horizon Technology Finance Corp. mutual fund overview by MarketWatch. 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. 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. 94566, Horizon Technology Finance 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. (Source: “S&P 500 Dividend Yield,” multpl.com, last accessed November 11, 2020.). Suite 500 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. 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. Horizon Technology Finance Corp (NASDAQ:HRZN) Q3 2020 Earnings Conference Call November 4, 2020 9:00 AM ET. (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.). All rights reserved. Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. No credit card required. Find the latest dividend history for Horizon Technology Finance Corporation Common Stock (HRZN) at Nasdaq.com. Horizon balances its inherent optimism with a selective origination and a rigorous underwriting process. No credit card required. The Horizon Technology Finance Corporation stock holds sales signals from both short and long-term moving averages. And yet, Horizon Technology Finance Corp (NASDAQ:HRZN) manages to offer an annual dividend yield above the double-digit mark. Dan Trolio 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. This upfront communication serves as a gateway to a smooth underwriting and approval process. Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. This is an entirely free service. Horizon Technology, Inc. is a Michigan Domestic Profit Corporation filed on June 27, 1990. 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. Horizon applies leading-edge research and disruptive financial engineering to empower advisors and help achieve real-world outcomes for investors. It also involves in lending and investing in portfolio companies in technology, life science, healthcare information and services, and cleantech industries. Horizon Applied Technology Corp. is a Michigan Domestic Profit Corporation filed on April 1, 1992. Horizon is a leading venture lending platform that thoughtfully and creatively provides structured debt products to life science and technology companies. (Source: “Horizon Technology Finance Announces Third Quarter 2020 Financial Results,” Horizon Technology Finance Corp, November 3, 2020.). 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. And yet, Horizon Technology Finance Corp (NASDAQ:HRZN) manages to offer an annual dividend yield above the double-digit mark. 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 In fact, the monthly dividends it just declared are the exact same amount it was paying before the pandemic. You can opt-out at anytime. Horizon is a leading venture lending platform that thoughtfully and creatively provides structured debt products to life science and technology companies. 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. CEO of IntelePeer. Check out our privacy policy. (Source: “Dividend History,” Horizon Technology Finance Corp, last accessed November 11, 2020.). We hate spam as much as you do. Will Margiloff 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 … The members of the Horizon team have, collectively, originated and invested more than $5 billion in venture loans to thousands of companies. Now, you may be wondering how this ultra-high yielder manages to maintain its payout. Horizon offers growth-oriented loans to finance a variety of business activities. Horizon Technology Finance Corporation operates as an externally managed, closed-end, non-diversified management investment company. Pleasanton, CA At the same time, it makes more frequent distributions than most companies. This balance of debt and equity capital makes Horizon a perfect partner for its portfolio companies, their employees and their investors. The Registered Agent on file for this company is Ali Mokbel and is located at 6127 Orchard, Dearborn, MI 48126. ), With a strong focus on income generation, most of Horizon’s portfolio is invested in debt instruments. 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. 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. Headquartered in Farmington, Connecticut, Horizon Technology Finance Corporation (NASDAQ: HRZN) is managed by its advisor Horizon Technology Finance Management LLC. 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. The company's filing status is listed as Automatic Dissolution and its File Number is 320100. Machine learning, cloud computing and storage, communications/wireless, cybersecurity, data analytics, internet and media, networking, software and other related emerging technologies. View the latest quote, returns and news for Horizon Technology Finance Corp. (HRZN). The distribution level reflects our outlook for the remainder of 2020 and the beginning of 2021 and our spillover income at September 30. 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. At the same time, it makes more frequent distributions than most companies. Horizon has been focused on the data center for over 20 years, working with the most recognizable names in the industry. Reston, VA “Horizon’s experienced team of venture lending professionals provided us an attractive source of capital to drive IgnitionOne’s future growth. 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. Check out our privacy policy. https://www.incomeinvestors.com/horizon-technology-finance-corp-solid-10-percent-yielder/58857/, Horizon Technology Finance Corp: Solid 10.3% Yielder with Monthly Payments. With today’s ultra-low interest rates, most income investors would be pretty happy to earn a dividend yield of five percent. About Horizon Technology Finance. Sound too good to be true? It just declared are the exact same amount it was paying before the pandemic distribution requirement, BDCs not... Wondering how this ultra-high yielder manages to offer an annual yield of five percent the pass-through structure of is... 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