Horizon Technology Finance is trading 5.14% up at $4.61 as investors react to its August 4 second-quarter results and August 5 conference call.
- Second-quarter net investment income of $0.11 per share missed analyst estimates and was pressured by $4.4 million in non-recurring merger-related expenses.
- Net asset value (NAV) declined to $6.23 per share, largely due to $39 million in write-downs associated with one portfolio company, Soli.
- However, the company also announced an increase in its stock repurchase authorization to $20 million and declared regular monthly distributions of $0.06 per share and special monthly distributions of $0.03 per share for October, November, and December 2026, with adjusted net investment income covering these payouts.
- Management additionally highlighted a growing debt investment portfolio for the third consecutive quarter and expectations for continued growth in Q3.