Horizon Technology Finance Q3 net investment income per share falls

Horizon Technology Finance

05/11/2026 21:27

Overview
US specialty finance firm's Q3 net investment income per share fell yr/yr
Total investment income declined yr/yr due to lower interest income on debt investments
Company repurchased $10 mln of its shares during the quarter

Outlook
Company declares monthly distributions of $0.06 per share for Jan, Feb, and Mar 2027
Company says investment pipeline grew 14% sequentially to $351 mln at quarter end
Company expects to focus on portfolio growth while managing stressed debt investments

Result Drivers
LOWER INTEREST INCOME - Co said decline in total investment income was mainly due to lower interest income on debt investments
YIELD COMPARISON - Co said lower portfolio yield reflected prior-year recognition of accrued interest from settled non-accrual loans
PORTFOLIO GROWTH - Co said debt investment portfolio grew for fourth consecutive quarter, funding nine loans totaling $98.4 mln

Company press release: ID:nBw647gc6a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Asset Value
 
$362.10 mln
 
Q3 Net Asset Value Per Share
 
$5.56
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the closed end funds peer group is "buy"
Wall Street's median 12-month price target for Horizon Technology Finance Corporation is $5.00, about 24.1% above its November 4 closing price of $4.03
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)