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Horizon Technology Finance Corporation (HRZN)

BDC - Debt Focused BDC

Data as of Dec. 9, 2024
Current
Market Price $9.36 (- $0.01)
NAV (Sept. 30, 2024) $9.06 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 3.31% (-0.11%)
Fund Info
Inception Oct. 29, 2010
Sponsor Horizon Technology Finance Management
Website https://horizontechfin...
Phone (860) 284-6450
Location Connecticut
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Current income and capital appreciation; loan and warrants
Related Indexes
Debt-Focused Business Development Company (BDC) Index
Capital & Leverage
Outstanding Shares 38,062,377
Total Assets (Reported: Sept. 30, 2024) $793M
Estimated Total Assets $768M
Net Assets $345M
Market Cap $356M
Portfolio Turnover 13.40%
Debt-to-Equity 1.2757
Total Leverage 55.10%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 15.34%
Non Lev Exp Ratio 5.76%
Gross Asset Expense Ratio 6.42%
Gross Asset Non Lev Exp Ratio 2.41%
Rel Lev Cost 7.27%
Discount Data
Average Discount (3 Yr) 14.61%
Discount Low(3 Yr) -15.65%
Discount High(3 Yr) 41.96%
Discount Rel Range (3 Yr) 32.92%
Comp Discount 5.89
Discount St Dev (1Yr) 9.79
Z-Stat
Z-Stat (6mo) -1.49
Z-Stat (1Yr) -1.92
Z-Stat (3Yr) -0.91
Comp Z-Stat (6mo) -1.79
Comp Z-Stat (3Yr) -1.35
Distribution Data
Market Yield 14.10%
Income Yield 14.10%
Lev Adj NAV Yield 9.39%
Av Yield on Debt Investments 15.90
Distribution Frequency M
Current Distribution $0.110
Current Income $0.110
Ex-Date 12/16/24
Payable Date 1/15/25
Div Growth (3yr) 10.00%
Dividend Change 10.0% on 11/1/22
Expected Div 2/28/25
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2023 2021 - 2023
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $4,083
Avg Volume 30 day 440,133
Avg Volume 90 day 436,191
Volume Trend 0.90%
Comp Volume Trend -12.70%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
13.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
30.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
56.0%
Most Correlated Peer (Mk Pr): HTGC 59.0%
Price St Dev (1Yr) 19.0%
NAV St Dev (1Yr) 8.7%
Earnings
Earnings / Share (9/30/24) $0.104
Adj Core NII Coverage 94.89%
1 Yr Avg NII Coverage 112.65%
1 Yr Avg Adj Core NII Coverage 112.65%
NII Trend -17.67%
Adj Core NII Trend -17.67%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.70
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.58
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.96
Portfolio Data
Avg Libor Floor % 2.22%
% Loans with Libor Floor 98%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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