Horizon Technology Finance recently reported its second-quarter earnings, showcasing positive results for the company. The business development company, which specializes in technology, life sciences, and healthcare investments, posted earnings of $3.3 million for the quarter, representing an increase from the previous year.
Horizon’s total investment income also saw a boost, reaching $9 million in the second quarter compared to $7.4 million in the same period last year. The company’s net investment income for the quarter was $2.9 million, up from $2.5 million in the second quarter of 2020.
In terms of portfolio performance, Horizon Technology Finance reported a fair market value of $353.3 million at the end of the second quarter, reflecting a strong and stable investment portfolio. The company continued to focus on supporting innovative technology and healthcare companies, ensuring a diverse and resilient portfolio.
Additionally, Horizon Technology Finance’s net asset value per share stood at $15.55 as of June 30, 2021, indicating the company’s strong financial position and solid performance. The company’s dividend payments to shareholders remained steady at $0.10 per share.
Overall, Horizon Technology Finance’s second-quarter earnings demonstrate the company’s ability to navigate the challenges of the current economic environment and support its portfolio companies. With a focus on technology, life sciences, and healthcare investments, Horizon remains well-positioned for growth and success in the future.
Investors and stakeholders can look forward to continued strong performance from Horizon Technology Finance as the company leverages its expertise and experience in the technology and healthcare sectors to drive value for shareholders.
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