Horizon Technology Finance (HRZN) Misses Q1 EPS by 4c

Horizon Technology Finance (NASDAQ: HRZN) reported Q1 EPS of $0.29, $0.04 worse than the analyst estimate of $0.33.

• Earned net investment income of $3.4 million, or $0.29 per share, for the quarter
• Net asset value equaled $139.4 million, or $12.11 per share, at quarter end
• Funded $25.8 million in loans to five companies
• Achieved an annualized portfolio yield of 15.5% for the quarter
• Ended the quarter with an investment portfolio of $180.1 million
• Experienced liquidity events from six portfolio companies
• Total liquidity as of March 31, 2017 was $49.8 million
• Floating rate loans comprised 100% of the outstanding principal of the loan portfolio at quarter end
• At quarter end, held a portfolio of warrant and equity positions in 76 portfolio companies
• Asset coverage for borrowed amounts of 262% as of March 31, 2017
• Declared distributions of $0.10 per share payable in each of July, August and September 2017, increasing cumulative declared distributions to $9.62 per share since going public in October 2010

For earnings history and earnings-related data on Horizon Technology Finance (HRZN) click here.

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