At $10.08 Horizon Technology Finance Corporation (HRZN) Forms Bearish H&S Pattern

May 16, 2018 - By Kevin Carney

Big Money Sentiment increased to 1.25 in 2017 Q4. It has change of 0.25, from 2017Q3’s 1. The ratio is positive due to Horizon Technology Finance Corporation positioning: 4 sold and 8 reduced. 9 funds took holdings and 6 increased holdings. Investors holded 1.52 million in 2017Q3 but now own 1.48 million shares or 2.55% less.
Manufacturers Life Insur Co The has invested 0% in Horizon Technology Finance Corporation (NASDAQ:HRZN). 200 were accumulated by Regions Fincl. Lsv Asset has 0% invested in Horizon Technology Finance Corporation (NASDAQ:HRZN). Brown Advisory Secs invested in 19,950 shs or 0.04% of the stock. Macquarie reported 0% of its capital in Horizon Technology Finance Corporation (NASDAQ:HRZN). Tower Rech Capital Lc (Trc) holds 0% or 252 shs. Shelton Capital Management holds 35,000 shs or 0.03% of its capital. Barclays Public Ltd Company has invested 0% of its capital in Horizon Technology Finance Corporation (NASDAQ:HRZN). North Carolina-based Horizon Invests Limited Liability Company has invested 0.02% in Horizon Technology Finance Corporation (NASDAQ:HRZN). Advsrs Asset owns 310,191 shs or 0.06% of their US capital. The Texas-based Bridgeway Mngmt Inc has invested 0.02% in Horizon Technology Finance Corporation (NASDAQ:HRZN). The New York-based Citigroup has invested 0% in Horizon Technology Finance Corporation (NASDAQ:HRZN). Moreover, Cambridge Invest Advsr has 0% invested in Horizon Technology Finance Corporation (NASDAQ:HRZN) for 10,774 shs. Wells Fargo Com Mn holds 35,230 shs. Millennium Mgmt Limited Liability Company invested in 26,744 shs or 0% of the stock.

Horizon Technology Finance Corporation had 0 selling transactions and 2 insider purchases since March 15, 2018. This’s net activity of $136,000. $106,000 worth of Horizon Technology Finance Corporation (NASDAQ:HRZN) was bought by SAVAGE JOSEPH J on Thursday, March 15.

The Head and Shoulders chart setup of Horizon Technology Finance Corporation (HRZN) showed $9.37 [Target] or 7.00 % below today’s $10.08share price. It has $116.17 million MC. On May, 16 the Head and Shoulders chart setup was reported by Faxor.com. If our $9.37 price target is hit HRZN’s valuation can change by $8.13M.

HRZN reached $10.08 during the last trading session after $0.09 change.Horizon Technology Finance Corporation has 85,138 shares volume, 10.32% up from normal. HRZN is downtrending and has moved 5.12% since May 16, 2017. HRZN underperformed by 16.67% the S&P 500.

Horizon Technology Finance Corporation (NASDAQ:HRZN)’s earnings report is anticipated by WallStreet on August, 7, as reported by Faxor. Analysts expect change of 8.33 % or $0.02 from previous year’s $0.24 earnings per share compared to current’s $0.26 earnings per share. If HRZN’s EPS is $0.26 the profit will be $3.00M for 9.69 P/E. After $0.28 earnings per share was announced last quarter, analysts now see negative EPS growth of -7.14 % for Horizon Technology Finance Corporation.

More recent Horizon Technology Finance Corporation (NASDAQ:HRZN) news were brought out by Prnewswire.com, Seekingalpha.com and Prnewswire.com. The first one has “Horizon Technology Finance to Announce First Quarter 2018 Financial Results” as a title and was brought out on April 17, 2018. The next is “Horizon Technology Finance’s (HRZN) CEO, Robert Pomeroy on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. And last was brought out on May 01, 2018, called “Horizon Technology Finance Announces Monthly Distributions for July, August and September 2018 Totaling $0.30 …”.

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

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