HRZN - Horizon Technology Finance Q4 earnings beat on strong portfolio growth

• Horizon Technology Finance ( NASDAQ: HRZN ) on Tuesday posted fourth-quarter earnings above the average Wall Street estimate as the business development company book robust portfolio growth during the period.
• In addition, "we maintained solid investment portfolio credit quality, with 95% of the fair value of Horizon's loan portfolio 3-rated or better at the end of 2022," said Chairman and CEO Robert D. Pomeroy, Jr.
• Q4 net investment income per share of $0.40, exceeding the $0.39 consensus estimate, rose from $0.39 in the year-earlier quarter.
• Total investment income of $23.15M, beating the $22.1M consensus, climbed from $16.95M in Q4 2021.
• Total expenses were roughly $12M, up from $8.29M a year before.
• The BDC grew its portfolio by 57% Y/Y to $720M.
• Net asset value was $11.47 per share versus $11.56 at Dec. 31, 2021.
• HRZN gained 1.9% in after-hours trading.
• Conference call on March 1 at 9:00 a.m. ET.
• HRZN's quarterly earnings come on the heels of asset management firm Monroe Capital agreeing to acquire Horizon Technology Finance's investment advisor .

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