Horizon Technology Finance Corp (NASDAQ: HRZN) reported a significant insider transaction involving Executive VP and CFO Daniel R. Trolio. On June 10, 2026, Trolio acquired 11,500 shares of the company's common stock, totaling $49,910. Each share was purchased at a price of $4.34. Following this transaction, Trolio's direct ownership in Horizon Technology Finance Corp increased to 15,023 shares.
The insider purchase comes at a time when HRZN's stock is trading near its 52-week low of $3.80. Over the past six months, the stock has declined by 29%. Despite this downward trend, the company continues to offer an attractive 16.7% dividend yield. According to InvestingPro, Horizon has maintained dividend payments for 17 consecutive years, demonstrating a consistent commitment to shareholder returns.
In recent corporate developments, Horizon Technology Finance Corporation completed its merger with Monroe Capital Corporation, with Horizon remaining the surviving entity. The combined company now holds approximately $471.7 million in net assets, including $141.1 million in cash from the merger. Horizon plans to utilize these funds for debt repayment and new investments. Both companies' shareholders approved the merger with significant support.
Additionally, Horizon Technology Finance has formed a $100 million venture lending joint venture with CR Financial Holdings. This initiative aims to support small- and micro-cap public companies in the U.S. The company also announced a $40 million loan facility to Hyperfine, Inc., with an initial funding of $15 million. This loan is intended to support the commercial growth of Hyperfine's portable brain imaging system.
In another strategic move, Horizon Technology Finance named Grant Thornton LLP as its new independent auditor, replacing RSM US LLP, which had served since 2008. These recent developments highlight Horizon's efforts in mergers, lending, and financial management.