Harris&Harris Group(TINY)- NASDAQ
  • Wed, Feb. 3, 12:41 PM
    • Harris & Harris' (TINY +6.3%) Magic Leap raises $793.5M in a new funding round led by Alibaba Group.
    • Another portfolio company - Mersana Therapeutics - enters a partnership with Takeda Pharmaceuticals giving Takeda the rights to market Mersana's XMT-1522 outside the U.S. and Canada. Mersana will receive an upfront payment of $40M and another $20M upon clearance of the investigational new drug application by the FDA. Milestone payments could go above $750M, as well as royalties.
    | Wed, Feb. 3, 12:41 PM
  • Mon, Jan. 25, 3:16 PM
    • Modest declines in the major averages are masking the continued liquidation in a number of financial sectors.
    • Hotel REITs: Pebblebrook Hotel (PEB -2.4%), LaSalle Hotel (LHO -2.2%), FelCor Lodging (FCH -2.9%), DiamondRock Hospitality (DRH -3.3%)
    • Nonbank servicing: Ocwen Financial (OCN -6.9%), Walter Investment (WAC -10.5%), Nationstar Mortgage (NSM -6.7%), Altisource Portfolio (ASPS -4.6%), New Residential (NRZ -3.2%)
    • Mortgage REITs: Two Harbors (TWO -3.8%), Invesco (IVR -4.3%), American Capital Mortgage (MTGE -3.4%), Western Asset (WMC -3.7%), Apollo Residential (AMTG -3.8%), AG Mortgage (MITT -3.9%)
    • BDCs: Prospect Capital (PSEC -4%), Apollo Investment (AINV -2.2%), Medley Capital (MCC -4.1%), Gladstone Capital (GLAD -4.4%). A few in this sector are managing gains though: Main Street (MAIN +1%), TICC Capital (TICC +1.9%), Harris & Harris (TINY +1.8%)
    | Mon, Jan. 25, 3:16 PM | 78 Comments
  • Oct. 27, 2015, 12:36 PM
    • After pricing its 5M-share IPO at $5 (well below an initial range of $10-$12), Adesto Technologies (NASDAQ:IOTS) opened at $5.60 and is currently at $5.89, up 17.9%.
    • Adesto, which makes low-power memory for wireless and embedded/IoT devices, is valued at a modest $87M, or 2.1x 2014 sales. Harris & Harris (TINY -0.5%) has a 1.57M-share (10.6%) post-IPO stake currently worth $9.2M.
    • Prospectus, IPO analysis
    • Previously: Low-power memory maker Adesto files for IPO
    | Oct. 27, 2015, 12:36 PM
  • Sep. 29, 2015, 3:24 PM
    • It's not just about energy anymore, according to a BAML report. "The malaise is spreading." High-yield, says the team, "[is] a slow-moving train wreck that just seems to be accelerating."
    • Equity-type proxies for the high-yield market, business development companies are under major selling pressure again today, with already large discounts to NAVs growing even wider.
    • Previously: Ares Capital greenlighted for $100M in buybacks (Sept. 28)
    • Prospect Capital (PSEC -3.6%), Ares Capital (ARCC -2.7%), Apollo Investment (AINV -4%), TCP Capital (TCPC -5.4%), Monroe Capital (MRCC -4.5%), Oxford Lane Capital (OXLC -5.4%), PennantPark Investment (PNNT -1.8%), American Capital (ACAS -2.5%), Medley Capital (MCC -4.1%), Harris & Harris (TINY -5.4%)
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Sep. 29, 2015, 3:24 PM | 45 Comments
  • Aug. 11, 2015, 11:15 AM
    • "When there is such a disconnect in the potential value of our Company and the price reflected in the stock, we believe one of the best investments we can make is in our own stock," says Harris & Harris (TINY +9.3%), announcing authorization to buy back up to $2.5M of company shares.
    • That would be roughly 1M shares at the current price of $2.57, or just over 3% of the float.
    • Cash received from the sale of some portfolio companies will be used to make the purchases.
    • Net asset value per share of $3.34 as of June 30 vs. $3.51 at the start of the year, and $3.87 one year ago.
    | Aug. 11, 2015, 11:15 AM
  • Feb. 19, 2014, 3:06 PM
    • Ranked #1 by SBIR Source as the Top Investor in High-Tech, publicly traded VC outfit Harris & Harris (TINY +4.2%) carves out a nice gain on the session. SBIR stands for Small Business Innovation Research.
    • TINY has 16 SBIR-backed companies, including biotech Solazyme which converts plant products into oils, and nanotech Nantero, a maker of carbon nanotubes for semiconductors.
    | Feb. 19, 2014, 3:06 PM
Company Description
Harris & Harris Group, Inc. (New York) is a business development company that makes venture capital investments in science-enabled companies, particularly those that are commercializing or integrating products enabled by nanotechnology or micro systems. The fund focuses on companies operating in... More
Sector: Financial
Industry: Diversified Investments
Country: United States