The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Horizon Technology Finance Corporation shares valued at $45,200 were purchased by Pomeroy Robert D. Jr. on Jun 21. At $11.30 per share, Pomeroy Robert D. Jr. acquired 4,000 shares. The insider’s holdings grew to 162,127 shares worth approximately $1.81 million following the completion of this transaction.
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Also, SAVAGE JOSEPH J purchased 10,000 shares, netting a total of over 122,300 in proceeds. Following the buying of shares at $12.23 each, the insider now holds 50,000 shares.
Before that, SAVAGE JOSEPH J had added 5,000 shares to its account. In a trade valued at $59,100, the Director bought Horizon Technology Finance Corporation shares for $11.82 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.45 million.
As published in their initiating research note from Oppenheimer on March 25, 2021, Horizon Technology Finance Corporation [HRZN] has been a Perform. Analysts at Compass Point downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid January. As of September 23, 2020, National Securities has initiated its “Neutral” rating for HRZN. Earlier on March 31, 2020, Keefe Bruyette upgraded its rating. Their new recommendation was “a Mkt perform” for HRZN stock which previously was a “an Underperform”.
Analyzing HRZN’s Price Performance
On Wednesday, Horizon Technology Finance Corporation [NASDAQ: HRZN] rose 1.73% to $11.15. The stock’s lowest price that day was $10.95, but it reached a high of $11.30 in the same session. During the last five days, there has been a drop of approximately -1.24%. Over the course of the year, Horizon Technology Finance Corporation shares have dropped approximately -29.96%. Shares of the company reached a 52-week high of $16.54 on 01/13/22 and a 52-week low of $10.55 on 06/17/22. A 50-day SMA is recorded $12.46, while a 200-day SMA reached $15.11.
Support And Resistance Levels for Horizon Technology Finance Corporation (HRZN)
According to the 24-hour chart, there is a support level at 10.97, which, if violated, would cause prices to drop to 10.78. In the upper region, resistance lies at 11.32. The next price resistance is at 11.48. RSI (Relative Strength Index) is 36.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 65.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Horizon Technology Finance Corporation subject to short interest?
Stocks of Horizon Technology Finance Corporation saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.12 million shares to 0.35 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.46 million shares. A decline of -33.37% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.86 of the overall float, the days-to-cover ratio (short ratio) decline to 1.86.
Which companies own the most shares of Horizon Technology Finance Corporation (HRZN)?
According to CCM Partners LP filings, the company currently owns 410,000 shares, which is about 1.71% of the total HRZN shares outstanding. The investor’s shares have appreciated by 32,000 from its previous 13-F filing of 378000.0 shares. With the completion of the buy, Advisors Asset Management, Inc.’s stake is now worth $3,228,989. Two Sigma Advisers LP acquire a 57.90% interest valued at $3.23 million while Two Sigma Investments LP purchased a 43,238 stake. A total of 3,203 shares of Horizon Technology Finance Corporation were bought by EQIS Capital Management, Inc. during the quarter, and 5,614 were bought by Green Alpha Advisors LLC. In its current portfolio, BlackRock Advisors holds 122,134 shares valued at $1.5 million.
In terms of Horizon Technology Finance Corporation share price expectations, FactSet research, analysts set an average price target of $14.50 in the next 12 months, up nearly 18.61% from the previous closing price of $10.96. Analysts anticipate Horizon Technology Finance Corporation stock to reach $20.00 by 2022, with the lowest price target being $11.50. In spite of this, 5 analysts ranked Horizon Technology Finance Corporation stock as a Hold at the end of 2022. On March 04, 2020, Aegis Capital assigned a price target of “a Buy” to the stock and upgraded coverage with a $13.20.