Horizon Technology Finance Corporation 6.25% NT 22 (HTFA) Stock Analysis
DELISTED 2021
What happened to Horizon Technology Finance Corporation 6.25% NT 22 (HTFA) stock?
Horizon Technology Finance Corporation 6.25% NT 22 (HTFA) no longer trades on public markets. It was delisted in April 2021. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Horizon Technology Finance Corporation 6.25% NT 22 (HTFA) trades at $25.15. Horizon Technology Finance Corporation 6. 25% NT 22 is an asset management firm focused on lending to and investing in development-stage companies. Market cap: $290M, Sector: Financial services.
Last analyzed: Mar 17, 2026Analyst Coverage for HTFA: HTFA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates HTFA against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
HTFA: the 2 scored disciplines are evenly split. Dominant signal: Seth Klarman bullish.
How is this calculated? →Horizon Technology Finance Corporation 6.25% NT 22 (HTFA) Financial Services Profile
Horizon Technology Finance Corporation 6.25% NT 22 operates as a specialty finance company, focusing on providing debt and equity capital to venture capital-backed companies in the technology, life science, healthcare information and services, and cleantech industries. Its strategic focus on high-growth sectors differentiates it within the asset management landscape.
What Is the Investment Thesis for HTFA?
Horizon Technology Finance Corporation 6.25% NT 22 presents a focused investment opportunity within the specialty finance sector. The company's strategy of providing debt and equity capital to venture capital-backed companies in technology and life sciences positions it to benefit from the growth of these sectors. A key value driver is the company's ability to generate current income from its debt investments, complemented by potential capital appreciation from warrants and equity positions. The dividend yield of 6.22% offers an attractive income stream. However, investors should carefully consider the risks associated with investing in development-stage companies, including potential credit losses and market volatility. Monitoring the company's portfolio quality and risk management practices is crucial. The P/E ratio of 27.3 should be evaluated in the context of its growth prospects and industry peers.
Based on FMP financials and quantitative analysis
HTFA Key Highlights
Market Cap of $290M reflects its position as a smaller player in the asset management industry.
- P/E Ratio of 27.3 indicates the price investors are willing to pay for each dollar of earnings.
- Profit Margin of 47.4% demonstrates efficient operations and strong profitability.
- Gross Margin of 25.5% shows the percentage of revenue exceeding the cost of goods sold.
- Dividend Yield of 6.22% provides a significant income component for investors.
Who Are HTFA's Competitors?
HTFA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DYNI IDX Dynamic Innovation ETF | $26.28 | +0.11% | $10.3M | — |
| ECC Eagle Point Credit Company Inc. | $3.82 | +1.06% | $505M | — |
| JMPD JMP Group LLC 7.25% SR NT 27 | $25.82 | +0.21% | $558M | — |
| SSSS SuRo Capital Corp. | $11.46 | -0.17% | $299M | 73 |
| EFTY Etoiles Capital Group Co., Ltd. | $15.02 | +0.00% | $302M | 68 |
| LEGO Legato Merger Corp. | $10.00 | +0.10% | $313M | 67 |
| PLTS Platinum Analytics Cayman Ltd. | $17.50 | +0.00% | $316M | 68 |
| CAF Morgan Stanley China A Share Fund, Inc. | $19.33 | -1.23% | $325M | 87 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are HTFA's Key Strengths?
Specialized expertise in venture debt financing.
- Strong relationships with venture capital firms.
- Experienced investment team.
- High profit margin of 47.4%.
What Are HTFA's Weaknesses?
Small market capitalization of $290M.
- Concentrated focus on specific industries.
- Reliance on venture capital ecosystem.
- Sensitivity to interest rate fluctuations.
What Could Drive HTFA Stock Higher?
Potential for increased investment activity in technology and life sciences sectors.
- Continued demand for venture debt financing from development-stage companies.
- Strategic partnerships with venture capital firms enhancing deal flow.
What Are the Key Risks for HTFA?
Rich valuation — a P/E of 27.3 runs well above the Financial Services sector’s ~18x, leaving little room for a miss.
- Economic downturn impacting venture capital funding and portfolio company performance.
- Increased competition from other BDCs and specialty finance firms.
- Credit losses on loans to development-stage companies.
- Sensitivity to interest rate fluctuations affecting profitability.
What Are the Growth Opportunities for HTFA?
- Growth opportunity 1: Expanding investment in the technology sector presents a significant growth opportunity. The technology sector is experiencing rapid innovation and growth, driving demand for capital. Horizon Technology Finance Corporation 6.25% NT 22 can capitalize on this trend by increasing its investments in technology companies. This includes software, hardware, and IT services companies. The market size for venture debt in the technology sector is estimated to be substantial, offering significant potential for growth. Timeline: Ongoing.
- Growth opportunity 2: Increasing investments in the life sciences sector offers another avenue for growth. The life sciences sector is characterized by high research and development costs, creating a need for external financing. Horizon Technology Finance Corporation 6.25% NT 22 can expand its investments in biotechnology, pharmaceuticals, and medical devices companies. The market size for venture debt in the life sciences sector is significant, providing ample opportunities for growth. Timeline: Ongoing.
- Growth opportunity 3: Strategic partnerships with venture capital firms can enhance deal flow and investment opportunities. By partnering with leading venture capital firms, Horizon Technology Finance Corporation 6.25% NT 22 can gain access to a pipeline of high-quality investment opportunities. These partnerships can also provide valuable insights into emerging trends and technologies. Timeline: Ongoing.
- Growth opportunity 4: Diversifying investment strategies beyond traditional debt financing can unlock new growth opportunities. This includes exploring alternative investment structures, such as revenue-based financing and royalty financing. These strategies can provide additional sources of income and capital appreciation. Timeline: Ongoing.
- Growth opportunity 5: Expanding geographic reach beyond its current markets can drive growth. This includes targeting new regions with vibrant venture capital ecosystems, such as Europe and Asia. By expanding its geographic footprint, Horizon Technology Finance Corporation 6.25% NT 22 can access a broader range of investment opportunities and diversify its portfolio. Timeline: Ongoing.
What Are HTFA's Competitive Advantages?
- Specialized focus on venture debt in technology and life sciences.
- Experienced investment team with deep understanding of venture capital ecosystem.
- Established relationships with venture capital firms.
- Ability to structure complex debt and equity investments.
- Regulatory structure as a BDC provides certain advantages.
What Does HTFA Do?
Horizon Technology Finance Corporation 6.25% NT 22 is a specialty finance company that provides capital to venture capital-backed companies in the technology, life science, healthcare information and services, and cleantech industries. The company focuses on lending to and investing in development-stage companies. Horizon Technology Finance Corporation 6.25% NT 22's investment strategy is centered around originating, structuring, and investing in secured loans and warrants to venture capital-backed companies. These companies often require capital to fund their growth and expansion. Horizon Technology Finance Corporation 6.25% NT 22 aims to generate current income from its debt investments as well as capital appreciation from its warrant and equity positions. The company's portfolio includes investments in a diverse range of companies across its target industries. Horizon Technology Finance Corporation 6.25% NT 22 seeks to build long-term relationships with its portfolio companies and provide ongoing support and guidance. The company's experienced investment team has a deep understanding of the venture capital ecosystem and the financing needs of high-growth companies. Horizon Technology Finance Corporation 6.25% NT 22 operates as a non-diversified, closed-end investment company and is regulated as a business development company (BDC) under the Investment Company Act of 1940.
What Products and Services Does HTFA Offer?
- Provides debt financing to venture capital-backed companies.
- Invests in technology, life science, healthcare information and services, and cleantech companies.
- Offers secured loans and warrants to development-stage companies.
- Generates current income from debt investments.
- Seeks capital appreciation from warrant and equity positions.
- Manages a portfolio of investments in diverse companies.
- Operates as a non-diversified, closed-end investment company.
- Functions as a business development company (BDC).
How Does HTFA Make Money?
- Originate, structure, and invest in secured loans to venture capital-backed companies.
- Generate income from interest payments on loans.
- Realize capital gains from warrants and equity positions.
- Manage investment portfolio to maximize returns.
- Operate as a BDC, adhering to regulatory requirements.
What Industry Does HTFA Operate In?
Horizon Technology Finance Corporation 6.25% NT 22 operates within the asset management industry, specifically focusing on venture debt. The industry is characterized by increasing demand for specialized financing solutions for high-growth companies. The competitive landscape includes other business development companies (BDCs) and specialty finance firms. Market trends include the growing importance of technology and life sciences sectors, driving demand for venture debt. Horizon Technology Finance Corporation 6.25% NT 22 differentiates itself through its focus on venture capital-backed companies and its expertise in structuring debt and equity investments.
Who Are HTFA's Key Customers?
- Venture capital-backed companies in technology sector.
- Venture capital-backed companies in life science sector.
- Venture capital-backed companies in healthcare information and services sector.
- Venture capital-backed companies in cleantech sector.
- Development-stage companies requiring capital for growth.
Key Financial Metrics
Return on equity for Horizon Technology Finance Corporation 6.25% NT 22 stands at 13.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.5%, showing how much profit it generates from its asset base. HTFA trades at a trailing price-to-earnings ratio of 27.28, above the Financial Services sector average of ~18x. Its free cash flow yield is 9.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 3.7%, the inverse of the P/E and a quick read on earnings relative to price.
How Horizon Technology Finance Corporation 6.25% NT 22 Is Valued
Horizon Technology Finance Corporation 6.25% NT 22 carries a market capitalization of $290M, placing it in the micro-cap category.
Financial Health
Horizon Technology Finance Corporation 6.25% NT 22's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile.
HTFA Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Specialized expertise in venture debt financing.
- Strong relationships with venture capital firms.
- Experienced investment team.
- High profit margin of 47.4%.
Bear Case
- Small market capitalization of $290M.
- Concentrated focus on specific industries.
- Reliance on venture capital ecosystem.
- Sensitivity to interest rate fluctuations.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
HTFA Latest News
No recent news available for HTFA.
Leadership: None
CEO title
Unknown
Track Record: Unknown
What Investors Ask About Horizon Technology Finance Corporation 6.25% NT 22 (HTFA) — Financial Services
What happened to Horizon Technology Finance Corporation 6.25% NT 22 (HTFA) stock?
Horizon Technology Finance Corporation 6.25% NT 22 (HTFA) no longer trades on public markets. It was delisted in April 2021. The figures below are historical and are not a current quote.
Can I still buy HTFA shares?
No. HTFA stopped trading on public markets in April 2021, so the shares are not available through a broker. Anything you see quoted for HTFA elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before HTFA stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Horizon Technology Finance Corporation 6.25% NT 22. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Horizon Technology Finance Corporation 6.25% NT 22 do?
Horizon Technology Finance Corporation 6.25% NT 22 is a specialty finance company that provides debt and equity capital to venture capital-backed companies in the technology, life science, healthcare information and services, and cleantech industries.
What do analysts say about HTFA stock?
Analyst consensus on Horizon Technology Finance Corporation 6.25% NT 22 is pending, given the lack of available AI analysis. Key valuation metrics to consider include the P/E ratio of 27.3, dividend yield of 6.22%, and profit margin of 47.4%.
What are the main risks for HTFA?
The main risks for Horizon Technology Finance Corporation 6.25% NT 22 include potential economic downturns impacting venture capital funding and portfolio company performance, increased competition from other BDCs and specialty finance firms, credit losses on loans to development-stage companies, and sensitivity to interest rate fluctuations affecting profitability. Additionally, regulatory changes affecting BDCs could pose a risk.
What is Horizon Technology Finance Corporation 6.25% NT 22's credit quality and risk management approach?
Horizon Technology Finance Corporation 6.25% NT 22's credit quality and risk management approach are crucial for assessing its investment portfolio. As a BDC, it lends to venture-backed companies, which inherently carry higher risk. Investors should examine the company's loan portfolio composition, provision levels for potential losses, and the frameworks it employs to manage credit risk.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for HTFA, limiting the depth of insights.
- CEO information is not available.