Workflow
Horizon Technology Finance: Drop In Earnings Could Result In Distribution Cut (Rating Downgrade)
HRZNHorizon Technology Finance(HRZN) Seeking Alpha·2024-08-11 21:19

Jonathan Kitchen Overview Horizon Technology Finance (NASDAQ:HRZN) operates as a business development company that generates its earnings through various forms of debt investments. HRZN has a public inception dating back to 2010, which means we have over a decade of performance to reference. The BDC is externally managed by its advisor Horizon Technology Finance Management and sports a management fee of 2% of gross assets. Looking back over the lifetime of HRZN, we can see that the price has depreciated by ...