HRZN
Horizon Technology Finance Corporation
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Sell
-31/100
Last price
4.56
▼ 0.02 (0.44%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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H —
L —
Range —
Vol —
vs
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Open
4.69
Prev close
4.58
Day high
4.63
Day low
4.55
Volume
309.79K
Market cap
$307.02M
P/E (TTM)
15.79
52W range
3.80 – 6.85
Day trading desk
Gap from prior close
+2.44%
Prior close 4.58
VWAP
4.58
-0.45% from price
Relative volume
0.95×
Normal
Session range
3.11%
4.55 – 4.69
Position in range
7%
Near session low
ATR (14D)
0.10
2.22% of price
Prior day high
4.68
PDH
Prior day low
4.57
PDL
Bid / ask spread
—
Quote not published
Session volume
578.05K
Avg 608.14K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.08%
-3.0%
1M
-5.37%
-6.5%
3M
-1.51%
-6.0%
6M
+3.15%
-15.0%
YTD
-28.99%
-43.2%
1Y
-26.25%
-42.7%
3Y
-61.45%
-143.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
11 more panels on HRZN open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
203.78K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 10, 26 | TROLIO DANIEL R. Chief Financial Officer |
BUY | 11.50K | $49.91K | Direct |
| Jun 9, 26 | BALKIN MICHAEL Chief Executive Officer |
BUY | 100.00K | $434.00K | Direct |
| Jun 9, 26 | O'CONNOR KIMBERLEY ANN Director |
BUY | 10.00K | $43.70K | Direct |
| Jun 9, 26 | GOODMAN JONATHAN JOSEPH Director |
BUY | 6.00K | $25.95K | Indirect |
| Jun 9, 26 | SEITZ PAUL G Chief Investment Officer |
BUY | 11.48K | $49.92K | Direct |
| Jun 9, 26 | ALLISON THOMAS J Director |
BUY | 6.00K | $26.16K | Direct |
| Jun 9, 26 | ALLISON THOMAS J Director |
BUY | 6.00K | $26.16K | Direct |
| Apr 14, 26 | ALLISON THOMAS J Director |
STOCK | 49.93K | $0 | Direct |
| Apr 14, 26 | BALKIN MICHAEL Chief Executive Officer |
STOCK | 93.53K | $0 | Direct |
| Apr 14, 26 | SEITZ PAUL G Chief Investment Officer |
STOCK | 142 | $0 | Direct |
| Dec 16, 24 | BALKIN MICHAEL Director |
BUY | 20.00K | $170.60K | Indirect |
| Nov 25, 24 | MICHAUD GERALD A President |
BUY | 8.00K | $74.52K | Direct |
| Nov 14, 24 | SAVAGE JOSEPH J Director |
BUY | 9.50K | $88.15K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ALLISON THOMAS J |
Director | 55.93K | Purchase |
BALKIN MICHAEL |
Chief Executive Officer | 243.53K | Purchase |
GOODMAN JONATHAN JOSEPH |
Director | — | Purchase |
MICHAUD GERALD A |
President | 169.79K | Purchase |
O'CONNOR KIMBERLEY ANN |
Director | 10.00K | Purchase |
SAVAGE JOSEPH J |
Director | 59.50K | Purchase |
SEITZ PAUL G |
Chief Investment Officer | 12.24K | Purchase |
TROLIO DANIEL R. |
Chief Financial Officer | 15.02K | Purchase |
Fundamentals
Market cap$307.02M
Enterprise value$634.46M
Revenue (TTM)$96.11M
Gross profit$96.11M
EBITDA—
Net income$5.07M
EPS (TTM)$0.29
Free cash flow$26.46M
Total cash$75.00M
Total debt$402.44M
Book value / share$6.23
Shares outstanding67.03M
Float—
Short % of float4.44%
Dividend yield15.69%
Beta (5Y)0.99
Valuation & profitability ratios
Trailing P/E15.79
Forward P/E6.21
PEG ratio1.91
Price / sales—
Price / book0.73
EV / revenue6.60
EV / EBITDA—
Gross margin100.00%
Operating margin79.44%
Profit margin5.27%
Return on equity1.45%
Return on assets6.08%
Debt / equity96.39
Current ratio7.45
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $7.22M | $1.69M | -$9.87M | $26.64M | +327.9% |
| Operating revenue | $7.22M | $1.69M | -$9.87M | $26.64M | +327.9% |
| Selling, general & admin | $6.00M | $5.84M | $5.67M | $4.78M | +2.6% |
| Total operating expense | $8.82M | $5.84M | $5.82M | $4.78M | +50.9% |
| Pre-tax income | -$1.60M | -$4.16M | -$15.70M | $21.87M | +61.6% |
| Tax provision | $1.06M | $1.48M | $1.49M | $715.00K | -28.0% |
| Net income | -$2.66M | -$5.63M | -$17.18M | $21.15M | +52.8% |
| Net income to common | -$2.66M | -$5.63M | -$17.18M | $21.15M | +52.8% |
| Basic EPS | -0.06 | -0.16 | -0.56 | 0.86 | +62.5% |
| Diluted EPS | -0.06 | -0.16 | -0.56 | 0.86 | +62.5% |
| Basic shares | 42.35M | 36.10M | 30.96M | 24.73M | +17.3% |
| Diluted shares | 42.35M | 36.10M | 30.96M | 24.73M | +17.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $105.52M | $70.26M | $46.63M | $20.61M | +50.2% |
| Total assets | $811.10M | $821.83M | $802.36M | $766.83M | -1.3% |
| Total debt | $473.03M | $467.90M | $462.24M | $434.08M | +1.1% |
| Total liabilities | $492.60M | $485.65M | $478.38M | $448.38M | +1.4% |
| Retained earnings | -$240.90M | -$182.06M | -$127.00M | -$67.50M | -32.3% |
| Shareholder equity | $318.50M | $336.18M | $323.98M | $318.45M | -5.3% |
| Net tangible assets | $318.50M | $336.18M | $323.98M | $318.45M | -5.3% |
| Shares issued | 45.78M | 40.04M | 33.53M | 27.92M | +14.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$2.66M | -$5.63M | -$17.18M | $21.15M | +52.8% |
| Change in working capital | $314.00K | -$6.31M | -$4.62M | -$7.92M | +105.0% |
| Operating cash flow | $56.63M | $3.94M | -$5.26M | -$246.28M | +1,338.4% |
| Dividends paid | -$53.09M | -$46.37M | -$40.52M | -$29.85M | -14.5% |
| Financing cash flow | -$14.80M | $21.21M | $50.51M | $229.46M | -169.8% |
| Free cash flow | $56.63M | $3.94M | -$5.26M | -$246.28M | +1,338.4% |
| End cash position | $142.69M | $100.87M | $75.72M | $30.47M | +41.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | -$30.55M | $6.25M | $11.15M | $33.66M | -$18.09M | -588.5% |
| Operating revenue | -$30.55M | $6.25M | $11.15M | $33.66M | -$18.09M | -588.5% |
| Selling, general & admin | $2.00M | $1.78M | $1.59M | $1.31M | $1.54M | +12.7% |
| Total operating expense | $6.44M | $3.21M | $2.38M | $2.57M | $2.31M | +100.8% |
| Pre-tax income | -$37.00M | $3.04M | $8.77M | $31.09M | -$20.40M | -1,315.0% |
| Tax provision | $265.00K | $267.00K | -$60.00K | $373.00K | $373.00K | -0.7% |
| Net income | -$37.26M | $2.78M | $8.83M | $30.72M | -$20.78M | -1,441.3% |
| Net income to common | -$37.26M | $2.78M | $8.83M | $30.72M | -$20.78M | -1,441.3% |
| Basic EPS | -0.57 | 0.19 | 0.20 | 0.71 | -0.50 | -400.0% |
| Diluted EPS | -0.57 | 0.06 | 0.19 | 0.68 | -0.50 | -1,050.0% |
| Basic shares | 64.97M | 47.32M | 44.79M | 43.10M | 41.22M | +37.3% |
| Diluted shares | 64.97M | 47.32M | 51.12M | 45.84M | 41.22M | +37.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $75.00M | $34.49M | $105.52M | $84.66M | $24.66M | +117.4% |
| Total assets | $832.05M | $791.65M | $811.10M | $759.21M | $726.80M | +5.1% |
| Total debt | $402.44M | $447.17M | $473.03M | $424.03M | $425.14M | -10.0% |
| Total liabilities | $414.55M | $457.78M | $492.60M | $443.51M | $443.00M | -9.4% |
| Retained earnings | -$292.84M | -$241.36M | -$240.90M | -$235.71M | -$251.68M | -21.3% |
| Shareholder equity | $417.50M | $333.86M | $318.50M | $315.70M | $283.80M | +25.1% |
| Net tangible assets | $417.50M | $333.86M | $318.50M | $315.70M | $283.80M | +25.1% |
| Shares issued | 66.98M | 48.03M | 45.78M | 44.48M | 42.20M | +39.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$37.26M | $2.78M | $8.83M | $30.72M | -$20.78M | -1,441.3% |
| Change in working capital | -$174.00K | $1.43M | $3.16M | -$2.23M | $710.00K | -112.1% |
| Operating cash flow | $123.53M | -$42.13M | -$30.43M | $50.64M | $49.60M | +393.2% |
| Dividends paid | -$10.55M | -$14.69M | -$14.01M | -$13.45M | -$12.89M | +28.2% |
| Financing cash flow | -$61.78M | -$27.30M | $42.21M | -$882.00K | -$45.91M | -126.3% |
| Free cash flow | $123.53M | -$42.13M | -$30.43M | $50.64M | $49.60M | +393.2% |
| End cash position | $135.01M | $73.26M | $142.69M | $130.91M | $81.15M | +84.3% |
Options analytics
Put / call volume
0.50
Call-heavy session
Put / call open interest
0.21
Positioning, not flow
Max pain
12.50
+172.9% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
28
Contracts, this expiry
Put volume
14
Contracts, this expiry
Heaviest call OI
12.50
14 contracts
Heaviest put OI
12.50
3 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.11 | 0.11 | -2.3% |
| Mar 2026 | 0.18 | 0.19 | +3.5% |
| Dec 2025 | 0.29 | 0.18 | -37.9% |
| Sep 2025 | 0.28 | 0.31 | +11.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.18 | 6 | $25.12M | -4.6% |
| Next quarter | 0.17 | 6 | $26.15M | +26.5% |
| Current year | 0.67 | 6 | $100.39M | +4.6% |
| Next year | 0.74 | 6 | $115.12M | +14.7% |
Analyst targets & ownership
Mean target$5.08
High target$6.00
Low target$4.50
Implied upside11.48%
Analyst count6
ConsensusNONE
Strong buy / Buy1 / 1
Hold4
Sell / Strong sell0 / 0
Held by insiders0.30%
Held by institutions12.54%
Institutions holding119
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
4.60
-0.85% from price
SMA 20
4.67
-1.87% from price
SMA 50
4.71
-2.73% from price
SMA 100
4.57
-0.20% from price
SMA 200
4.99
-8.13% from price
EMA 12
4.62
-1.30% from price
EMA 26
4.66
-2.21% from price
EMA 50
4.67
-2.32% from price
RSI (14)
44.3
Neutral
MACD (12,26,9)
-0.04
Hist -0.01
ATR (14)
0.10
2.21% of price
Realised vol 30D
32.6%
Annualised
Bollinger upper
4.88
20, 2σ
Bollinger lower
4.45
20, 2σ
50 / 200 cross
Death
4.71 vs 4.99
Trend bias
Below 200
-8.13%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.06
More volatile than market
Correlation to SPY
0.31
Loosely linked
Realised vol 30D
32.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-43.2%
Peak to trough
Max drawdown 5Y
-79.1%
Peak to trough
ATR 14
0.10
2.21% of price
Beta (reported)
0.99
5Y monthly, from filing
Short interest
Shares short
2.96M
Prior 2.90M
Change vs prior
+2.3%
Shorts adding
% of float
4.44%
Normal
% of shares out
4.42%
Against total outstanding
Days to cover
3.9
Liquid
Float
—
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 1, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Aug 21, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Aug 7, 26 | Oppenheimer | MAINTAINED | Perform | Perform |
| May 18, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Mar 24, 26 | Oppenheimer | MAINTAINED | Perform | Perform |
| Mar 6, 26 | B. Riley Securities | MAINTAINED | Neutral | Neutral |
| Nov 19, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Oct 14, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Aug 11, 25 | Maxim Group | MAINTAINED | Buy | Buy |
| Jul 16, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Apr 17, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Apr 8, 25 | Keefe, Bruyette & Woods | MAINTAINED | Underperform | Underperform |
Dividends & splits
Forward rate$0.72 / yr
Forward yield15.69%
5-year avg yield12.11%
Payout ratio386.21%
Ex-dividend dateOct 16, 2026
Next pay dateDec 15, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-09
Fidelity bond filed pursuant to Rule 17g1(g)(1) of the Investment Company Act of 1940
40-17G · 2026-09-04
Corporate Changes & Voting Matters
8-K · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-06-26
Corporate Changes & Voting Matters
8-K · 2026-05-14
Corporate Changes & Voting Matters
8-K · 2026-05-05
Periodic Financial Reports
10-K/A · 2026-04-30
Post-effective amendment filed solely to add exhibits to a registration statement
POS EX · 2026-04-16
Headlines
5 Stocks Under $10 to Buy Now for Immediate Monthly Cash Flow
24/7 Wall St. · 6d ago
Battery Energy Storage Group Receives Millions in Funding
POWER Magazine · 26d ago
Horizon's RoHo Capital JV Provides $20 Million Credit Facility to NeoVolta
MT Newswires · 27d ago
Horizon Technology Finance’s RoHo Joint Venture Provides up to $30 Million Loan Facility to NeoVolta
Business Wire · 27d ago
Horizon Provides $15 Million Loan Facility to Bioness Medical
MT Newswires · 34d ago
Horizon Technology Finance Provides $15 Million Loan Facility to Bioness Medical
Business Wire · 34d ago
UBS Adjusts Horizon Technology Finance Price Target to $4.50 From $4.25, Maintains Neutral Rating
MT Newswires · 36d ago
Double-Digit Yields Come With a Catch: How to Pick the Right Venture Lending BDC
24/7 Wall St. · 48d ago
PRIVATE STRATEGY · BY QUALIFICATION
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