Horizon's 1Q net dips

BY Gregory Seay

Farmington specialty financier Horizon Technology Finance Corp. posted lower net investment income in the first quarter.

For three months ended March 31, Horizon said Tuesday it netted $3.2 million, or 28 cents a share, down from $3.4 million, or 24 cents, netted the same quarter a year ago.

First-quarter investment income totaled $7.2 million vs. $7 million a year earlier.

Horizon ended the quarter with assets of $233.8 million vs. $234.2 million a year ago.

Horizon funds venture loans to technology, life-sciences, health-information and data, and clean-technologies startups.