5 days ago
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MarketBeat
Wed, May 6, 2026 astatine 11:41 AM CDT 9 min read
Key Points
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Completed merger with Monroe Capital, adding astir $141 million of superior and enabling standard (management plans to statesman a $10 cardinal stock repurchase), and formed the RoHo associated task with ROTH Capital to supply maturation financing to tiny and micro-cap nationalist companies.
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Portfolio and performance: assets grew to $696 million with $120 cardinal of life-science originations successful Q1, the indebtedness portfolio output was astir 15.2%, nett concern income was $0.19 per stock (exceeding distributions) and NAV was $6.98 per share.
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Strong liquidity and woody pipeline: the institution had $105 million of disposable liquidity, nett leverage of 1.13-to-1 (below target) with ~$357 million imaginable caller concern capacity, a committed backlog of $180 million, and $90 cardinal of caller task indebtedness commitments since quarter-end.
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Horizon Technology Finance (NASDAQ:HRZN) executives highlighted caller strategical moves and portfolio maturation during the company’s first-quarter 2026 net call, including the completion of its merger with Monroe Capital Corp. (MRCC) and the enactment of a caller associated task with ROTH Capital.
Strategic developments: MRCC merger and caller RoHo associated task
Chief Executive Officer Mike Balkin said the institution has had “a precise newsworthy and breathtaking mates of months,” pointing to 2 large developments. In March, Horizon formed RoHo, a associated task with ROTH Capital intended to “provide maturation financing solutions to tiny and micro-cap nationalist companies.” In April, the institution completed its merger with MRCC, which Balkin said increases equity superior disposable for concern and provides “greater economies of standard to vie for larger” task capital-backed transactions.
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“Aided by the afloat enactment and backing of Monroe, we are taking the Horizon level to the adjacent level,” Balkin said.
Chief Financial Officer Dan Trolio said the merger “significantly strengthened our equilibrium expanse upon closing with $141 cardinal of further capital.” With the blackout play ended, Trolio said the institution expects to statesman utilizing its $10 cardinal banal repurchase programme owed to what absorption described arsenic a dislocation betwixt the existent valuation and nett plus value.
Quarterly performance: portfolio growth, income, and NAV
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Management reported a 2nd consecutive 4th of portfolio growth. Paul Seitz, Horizon’s Chief Investment Officer, said the portfolio stood astatine $696 cardinal astatine quarter-end. During the archetypal quarter, the institution funded 5 beingness subject indebtedness investments, including 1 refinancing, totaling $120 million, Seitz said.
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