Venture lending firm Horizon's Q3 net investment income stable at $0.32 per share

Horizon Technology Finance

28/10/2025 20:37

Overview

Horizon Q3 net investment income per share stable at $0.32, NAV per share at $7.12

Debt portfolio yield reaches 18.6% for Q3 2025

Company declares monthly distributions totaling $0.33 per share through March 2026

Outlook

Horizon declares monthly distributions of $0.33 per share through March 2026

Company anticipates merger with Monroe Capital to enhance venture lending capabilities

Result Drivers

HIGHER INVESTMENT INCOME - Increased fee and interest income from debt investment portfolio drove higher net investment income

PORTFOLIO ACQUISITION - Acquisition of co-lender's portfolio was accretive to net asset value per share

BALANCE SHEET STRENGTHENING - Capital raising through convertible notes and ATM program bolstered financial position

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Asset Value
$315.70 mln
Q3 Net Asset Value Per Share
$7.12


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "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 Corp is $6.63, about 8.4% above its October 27 closing price of $6.07

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBwrsZ1ya

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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.)