Horizon Technology Finance Corporation (HRZN) Forms Bearish H&S Trading at $10.08

May 16, 2018 - By Matthew Richard

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 amassed stakes and 6 increased stakes. Investors holded 1.52 million in 2017Q3 but now own 1.48 million shares or 2.55% less.
Macquarie Group Inc Ltd holds 0% or 27,586 shs. Bridgeway Capital reported 200,500 shs. Lsv Asset Mngmt holds 0% or 188,301 shs. Millennium Mgmt Ltd Liability owns 26,744 shs for 0% of their capital. Stratos Wealth Prtn Ltd reported 250 shs or 0% of all its holdings. Axa invested 0% of its capital in Horizon Technology Finance Corporation (NASDAQ:HRZN). Brown Advisory Securities Ltd holds 19,950 shs or 0.04% of its capital. Tower Research Ltd Liability Company (Trc) owns 0% invested in Horizon Technology Finance Corporation (NASDAQ:HRZN) for 252 shs. Barclays Public Limited Company accumulated 76 shs or 0% of the stock. Founders Securities Limited Com invested 0.04% in Horizon Technology Finance Corporation (NASDAQ:HRZN). Guggenheim Capital reported 197,291 shs or 0.01% of all its holdings. Wells Fargo Mn, California-based fund reported 35,230 shs. Regions Financial stated it has 0% of its capital in Horizon Technology Finance Corporation (NASDAQ:HRZN). Horizon Invs owns 0.02% invested in Horizon Technology Finance Corporation (NASDAQ:HRZN) for 10,732 shs. Royal Bankshares Of Canada holds 21,369 shs or 0% of its capital.

Horizon Technology Finance Corporation registered $136,000 net activity with 2 buys and 0 selling transactions since March 15, 2018. SAVAGE JOSEPH J bought $106,000 worth of stock.

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.

The stock decreased 0.88% or $0.09 during the last trading session, hitting $10.08.Horizon Technology Finance Corporation is downtrending after having declined 5.12% since May 16, 2017. HRZN has 85,138 volume or 10.32% up from normal. The stock underperformed the S&P500 by 16.67%.

On August, 7 WallStreet awaited Horizon Technology Finance Corporation (NASDAQ:HRZN)’s earnings report, according to 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 $0.26 is reported, HRZN’s profit will be $3.00 million for 9.69 P/E. -7.14 % negative EPS growth is what analysts predict. $0.28 earnings per share was reported for last quarter.

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

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

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