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Horizon Tech's 2Q net rises

BY Gregory Seay

8/1/2018
HBJ File Photo
HBJ File Photo
Gerald A. Michaud, president of Horizon Technology Finance Corp.
Farmington's Horizon Technology Finance Corp. posted higher second-quarter net income from its venture-loan stakes in technology, life-sciences, clean-tech and health-data and services companies.

For three months ended June 30, the specialty financier netted $3.3 million, or 29 cents a share, vs. $2.8 million, or 24 cents a share, netted the same quarter a year ago.

Horizon ended the quarter with assets of $243.3 million vs. $234.2 million a year earlier.