Horizon Technology Finance: This 12% Yield Is Not As Risky As It Looks (Rating Upgrade)

Klaus VedfeltHorizon Technology Finance Corporation (NASDAQ:HRZN) is a well-managed business development company with a strict focus on technology and life science investments. The BDC’s stock has suffered weakness in 2024 as the market has grown more concerned with investment losses in the sector. With that being said, though, I think that the dividend is well-covered by net investment income and that the BDC makes a much better value proposition today than it did at the end of 2023, primarily because  ...