Horizon Q2 net investment income drops

Reuters

Aug 08

Horizon <a href="https://laohu8.com/S/QTWO">Q2</a> net investment income drops

Overview

Horizon Q2 net investment income falls to $0.28 per share from $0.36 last year
Net asset value per share declines to $6.75 from $9.12 year-over-year
Company announces merger with Monroe Capital Corp to expand venture lending

Outlook

Company expects merger with Monroe Capital to enhance venture lending capabilities
Company sees growth in 2026 post-merger despite current venture capital challenges
Horizon declares monthly distributions of $0.11 per share through December 2025

Result Drivers

VENTURE CAPITAL CHALLENGES - CEO Mike Balkin attributes the decline in net asset value to ongoing challenges in the venture capital environment
DEBT PORTFOLIO YIELD - The company reported an annualized portfolio yield on debt investments of 15.8% for the quarter

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Net Asset Value		$283.80 mln
Q2 Net Asset Value Per Share		$6.75

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 2 "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 $7.00, about 10.6% below its August 6 closing price of $7.74
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBwbHkL1Ja

(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.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2557594253"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2557594253\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2557594253?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-08-08 05:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2557594253","market":"us","top_or_hot":-1,"title":"Horizon Q2 net investment income drops","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Horizon <a href=\"https://laohu8.com/S/QTWO\">Q2</a> net investment income drops</title></head><body><p><span>Overview</span></p><ul><li><p>Horizon Q2 net investment income falls to $0.28 per share from $0.36 last year</p></li><li><p>Net asset value per share declines to $6.75 from $9.12 year-over-year</p></li><li><p>Company announces merger with Monroe Capital Corp to expand venture lending</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company expects merger with Monroe Capital to enhance venture lending capabilities</p></li><li><p>Company sees growth in 2026 post-merger despite current venture capital challenges</p></li><li><p>Horizon declares monthly distributions of $0.11 per share through December 2025</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>VENTURE CAPITAL CHALLENGES - CEO Mike Balkin attributes the decline in net asset value to ongoing challenges in the venture capital environment</p></li><li><p>DEBT PORTFOLIO YIELD - The company reported an annualized portfolio yield on debt investments of 15.8% for the quarter</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q2 Net Asset Value</p></td><td></td><td><p>$283.80 mln</p></td><td></td></tr><tr><td><p>Q2 Net Asset Value Per Share</p></td><td></td><td><p>$6.75</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 1 \"strong buy\" or \"buy\", 5 \"hold\" and 2 \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the closed end funds peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for <a href=\"https://laohu8.com/S/HTFB\">Horizon Technology Finance Corp</a> is $7.00, about 10.6% below its August 6 closing price of $7.74</p></li><li><p>The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago</p></li></ul><p>Press Release: <span>ID:nBwbHkL1Ja</span></p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MRCC","symbol_name":"Monroe Capital Corporation","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250807:nPLXF3BD4F:1","article_id":"2557594253","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557594253","pubTimestamp":1754603279,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Horizon Q2 net investment income dropsOverviewHorizon Q2 net investment income falls to $0.28 per share from $0.36 last yearNet asset value per share declines to $6.75 from $9.12 year-over-yearCompany","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MRCC":"Monroe Capital Corporation","BK4135":"资产管理与托管银行","HRZN":"Horizon Technology Finance Corpo"},"translate_title":"地平线第二季度净投资收益下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HRZN":0.9,"MRCC":0.9},"content_text":"Horizon Q2 net investment income dropsOverviewHorizon Q2 net investment income falls to $0.28 per share from $0.36 last yearNet asset value per share declines to $6.75 from $9.12 year-over-yearCompany announces merger with Monroe Capital Corp to expand venture lendingOutlookCompany expects merger with Monroe Capital to enhance venture lending capabilitiesCompany sees growth in 2026 post-merger despite current venture capital challengesHorizon declares monthly distributions of $0.11 per share through December 2025Result DriversVENTURE CAPITAL CHALLENGES - CEO Mike Balkin attributes the decline in net asset value to ongoing challenges in the venture capital environmentDEBT PORTFOLIO YIELD - The company reported an annualized portfolio yield on debt investments of 15.8% for the quarterKey DetailsMetricBeat/MissActualConsensus EstimateQ2 Net Asset Value$283.80 mlnQ2 Net Asset Value Per Share$6.75Analyst CoverageThe current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 1 \"strong buy\" or \"buy\", 5 \"hold\" and 2 \"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 $7.00, about 10.6% below its August 6 closing price of $7.74The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months agoPress Release: ID:nBwbHkL1Ja(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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}