HRZN Reports NII of $0.3810 compared to a Dividend of $0.345 Globe Newswire 05-03-16
Horizon Technology Finance Corporation reported for Q1-16 Total Investment Income of $9.297 million ($0.8058/share - a good number). Net Investment Income was $4.397 million ($0.3810/share - another good number). The Net Increase in Net Assets Resulting from Operations was $1.397 million ($0.1211/share) due to $3.000 million (a bad number) in realized and unrealized losses. The Net asset value per share was $13.62 (the number that makes the quarter bad) compared to $13.85 last quarter.
The Yahoo Finance consensus projections:
Earnings Est | Current Qtr. Mar 16 | Next Qtr. Jun 16 | Current Year Dec 16 | Next Year Dec 17 |
---|---|---|---|---|
Avg. Estimate | 0.35 | 0.35 | 1.40 | 1.41 |
No. of Analysts | 8.00 | 8.00 | 8.00 | 5.00 |
Low Estimate | 0.33 | 0.34 | 1.39 | 1.40 |
High Estimate | 0.36 | 0.35 | 1.41 | 1.42 |
Year Ago EPS | 0.30 | 0.25 | 1.25 | 1.40 |
Revenue Est | Current Qtr. Mar 16 | Next Qtr. Jun 16 | Current Year Dec 16 | Next Year Dec 17 |
---|---|---|---|---|
Avg. Estimate | 8.67M | 8.73M | 35.08M | 35.35M |
No. of Analysts | 6 | 6 | 6 | 4 |
Low Estimate | 8.44M | 8.50M | 34.00M | 34.00M |
High Estimate | 8.87M | 9.08M | 36.60M | 37.20M |
Year Ago Sales | 7.27M | 6.86M | 31.11M | 35.08M |
My historical context spreadsheets:
Q1-16 | Q4-15 | Q3-15 | Q2-15 | Q1-15 | Q4-14 | Q3-14 | Q2-14 | Q1-14 | Q4-13 | Q3-13 | Q2-13 | Q1-13 | |
Realized & Unrealized Gains | -2.931 | -1.376 | -0.523 | -1.143 | .902 | -0.091 | 1.559 | .599 | 2.646 | -7.920 | .401 | -2.453 | .210 |
Realized & Unrealized Gains/share | -0.2540 | -0.1183 | -0.0449 | -0.0983 | 0.0919 | -0.0095 | 0.1620 | 0.0623 | 0.2752 | -0.6511 | 0.0418 | -0.2561 | 0.0219 |
Q1-16 | Q4-15 | Q3-15 | Q2-15 | Q1-15 | Q4-14 | Q3-14 | Q2-14 | Q1-14 | Q4-13 | Q3-13 | |
Interest income | 9.003 | 7.784 | 7.705 | 6.599 | 6.562 | 6.923 | 6.786 | 7.747 | 7.180 | 7.925 | 8.225 |
Fee income | 0.294 | 0.776 | 0.373 | 0.258 | 0.704 | 0.361 | 0.953 | 0.950 | 0.354 | 0.850 | 0.487 |
Total investment income | 9.297 | 8.560 | 8.427 | 6.857 | 7.266 | 7.284 | 7.739 | 8.697 | 7.534 | 8.775 | 8.712 |
Net investment income | 4.397 | 4.104 | 4.061 | 2.888 | 2.943 | 3.196 | 3.201 | 1.836 * | 2.484 | 3.409 | 3.487 |
Investments @ fair value | 0.245 | 0.250 | 0.249 | 0.240 | 0.204 | 0.205 | 0.205 | 0.219 | 0.228 | 0.221 | 0.241 |
Wt Av Share Count | 11.538 | 11.629 | 11.639 | 11.633 | 9.807 | 9.627 | 9.623 | 9.620 | 9.614 | 9.599 | 9.584 |
TII/share | $0.8058 | $0.7361 | $0.7240 | $0.5894 | $0.7409 | $0.7566 | $0.8042 | $0.9040 | $0.7836 | $0.9141 | $0.9090 |
NII/share | $0.3810 | $0.3529 | $0.3489 | $0.2483 | $0.3001 | $0.3320 | $0.3326 | $0.1908 * | $0.2584 | $0.3551 | $0.3638 |
NAV/share | $13.62 | $13.85 | $13.94 | $13.99 | $14.19 | $14.36 | $14.38 | $14.23 | $14.32 | $14.14 | $14.95 |
Wt Av Yield | 15.5% | 14.2% | 14.2% | 13.1% | 15.0% | 15.1% | 15.8% | 16.4% | 13.6% | 15.5% | 14.6% |
* Excluding the non-recurring interest expense charge of $1.9 million related to the termination of the Term Loan Facility and related impact on the performance based incentive fee, HRZN's adjusted NII for Q2-14 was $2.9 million, or $0.30 per share. |