Horizon Technology reports Q3 NII 32c, consensus 28c

“We produced a solid third quarter by increasing our net asset value and achieving strong NII, as we moved toward completing our merger with MRCC,” said Mike Balkin, Chief Executive Officer of Horizon. “In the quarter, we originated a modest number of new loans and acquired the portfolio of a co-lender, which was accretive to our net asset value per share. We also achieved positive outcomes with respect to two stressed investments, which is a testament to our ability to work with our portfolio companies to achieve positive solutions in downside situations.”