Diversified Portfolio Microcap Company
Last week I purchased 500 shares of HRZN. Horizon Technology Finance Corporation is a BDC (business development company.) HRZN specializes in lending and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed US companies. “Our customers typically are privately-held, development-stage technology companies backed by established venture capital firms in emerging technology, life sciences, healthcare information and services, and sustainability industries. We also finance publicly traded technology and life science companies.”
One of the reasons I like HRZN is that it is focused on companies in sectors that I think are great long-term investments. Technology, health care and sustainable industries are high on my list of favorite sectors. In the sustainable category, one of their current investments is Enphase Energy. Enphase Energy is a NASDAQ-listed (ticker: ENPH) energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control.
Because HRZN is a small company, it isn’t for the faint-of-heart investor. Furthermore, this investment is not a “normal” choice for me in that it is not a dividend growth stock. However, the yield seems sustainable and it is attractive.
Here is HRZN’s current Seeking Alpha QUANT rating. “Quant Ratings: An overall rating for each stock based on objective data, optimized for predictive value. Seeking Alpha’s Quant Ratings are generated by comparing over 100 metrics for each stock to other stocks, and ranking the stock accordingly.” – From Seeking Alpha This is a link to HRZN’s investor relations page: HRZN