Horizon Technology Finance Corporation (HRZN) is a business development company or "BDC" that focuses on investing in a wide range of technologies. It provides senior and subordinated loans, bridge loans, senior revolving loans, equipment loans and more. It can also take equity stakes in certain forms such as warrants. An average-sized transaction for Horizon Technology Finance often runs between $2 million to $25 million.
In recent days, the shares of many business development companies have seen a little selling pressure due to the possibility that some indexes may eliminate these types of companies. Since investors are still hungry for yield, it seems likely that any extra supply of stock due to the possibility of index-based selling will be easily soaked up by the market. I think any weakness is a buying opportunity, but an even more significant pullback in Horizon Technology Finance has caused me to focus on this stock right now.
Source: Seeking Alpha
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