Horizon Technology Finance Q1 NII per share falls

Horizon Technology Finance

05/05/2026 22:03

Overview

US specialty lender's Q1 net investment income per share fell yr/yr to $0.19

Company completed merger with Monroe Capital Corporation in April, receiving $141.1 mln cash

Net asset value per share was $6.98, unchanged from prior quarter

Outlook

Company expects merger with MRCC to support portfolio and pipeline growth

Result Drivers

MERGER IMPACT - Co said merger with Monroe Capital Corporation brought in $141.1 mln cash and expanded capacity for larger debt investments

PORTFOLIO SIZE - Net investment income declined due to lower interest income from a smaller debt investment portfolio

EXPENSES - Higher incentive fees drove an increase in total expenses, partially offset by lower interest expense and base management fee

Company press release: ID:nBw2DJSqCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Asset Value
$333.90 mln
Q1 Net Asset Value Per Share
$6.98


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the closed end funds peer group is "hold"

Wall Street's median 12-month price target for Horizon Technology Finance Corp is $5.50, about 31.6% above its May 4 closing price of $4.18

The stock recently traded at 6 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.)