Horizon Technology Finance Corporation (HRZN) With $10.39 Price Forms Wedge Down Chart Pattern

April 16, 2018 - By Susanne Funderburg

During 2017 Q4 the big money sentiment increased to 1.25. That’s change of 0.25, from 2017Q3’s 1. 4 investors sold all, 8 reduced holdings as Horizon Technology Finance Corporation ratio is positive. 6 increased stakes while 9 funds acquired stakes. Funds hold 1.48 million shares thus 2.55% less from 2017Q3’s 1.52 million shares.
The Illinois-based Lsv Asset Management has invested 0% in Horizon Technology Finance Corporation (NASDAQ:HRZN). Tower Research Cap Limited Liability Corp (Trc) owns 252 shs or 0% of their US capital. Barclays Public Ltd Co holds 0% of its capital in Horizon Technology Finance Corporation (NASDAQ:HRZN) for 76 shs. 21,369 are owned by Royal Bank & Trust Of Canada. Moreover, Millennium Mgmt Limited Liability has 0% invested in Horizon Technology Finance Corporation (NASDAQ:HRZN). Advisors Asset Mgmt Inc holds 0.06% of its capital in Horizon Technology Finance Corporation (NASDAQ:HRZN) for 310,191 shs. New York-based Citigroup Inc has invested 0% in Horizon Technology Finance Corporation (NASDAQ:HRZN). Axa has 0% invested in Horizon Technology Finance Corporation (NASDAQ:HRZN) for 20,003 shs. Horizon Limited Liability holds 0.02% or 10,732 shs in its capital. Wells Fargo & Co Mn accumulated 35,230 shs. Brown Advisory Secs Ltd reported 19,950 shs. Regions Fin reported 200 shs. Shelton Capital has 35,000 shs. Cambridge Rech Advsrs accumulated 10,774 shs. Hillsdale Investment has 0.18% invested in Horizon Technology Finance Corporation (NASDAQ:HRZN) for 96,769 shs.

Horizon Technology Finance Corporation had 0 insider sales and 1 buy since March 15, 2018. This’s net activity of $106,000.

Horizon Technology Finance Corporation (HRZN) shows a down wedge technical setup with $9.87 Target. That’s 5.00 % below today’s $10.39 price per share. $5.99M less could be HRZN valuation at $9.87 price per share.

The stock decreased 0.48% or $0.0499 during the last trading session, reaching $10.3901.Currently Horizon Technology Finance Corporation is downtrending after 5.12% change in last April 16, 2017. HRZN has also 56,708 shares volume. The stock underperformed the S&P 500 by 16.67%.

Analysts await Horizon Technology Finance Corporation (NASDAQ:HRZN) to report earnings on May, 1. They expect $0.29 EPS, 0.00 % or $0.00 from last year’s $0.29 per share. HRZN’s profit will be $3.34M for 8.96 P/E if the $0.29 EPS becomes a reality. After $0.21 actual EPS reported by Horizon Technology Finance Corporation for the previous quarter, Wall Street now forecasts 38.10 % EPS growth.

Horizon Technology Finance Corporation (NASDAQ:HRZN) Ratings Coverage

In total 3 analysts cover Horizon Technology (NASDAQ:HRZN). “Buy” rating has 0, “Sell” are 1, while 2 are “Hold”. 0 are bullish. 3 are the (NASDAQ:HRZN)’s analyst reports since October 22, 2017 according to StockzIntelligence Inc. On Thursday, November 2 the rating was upgraded by Raymond James to “Market Perform”. On Sunday, October 22 Keefe Bruyette & Woods maintained Horizon Technology Finance Corporation (NASDAQ:HRZN) rating. Keefe Bruyette & Woods has “Hold” rating and $11.0 target. The company rating was downgraded by Wells Fargo on Tuesday, January 9.

Horizon Technology Finance Corporation (NASDAQ:HRZN) Institutional Investors Chart

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