Horizon Technology Finance (HRZN) Reaches $10.25 Formed H&S; Jane Street Group Has Lowered By $390,572 Its Telus (TU) Position

TELUS Corporation (NYSE:TU) Logo

Horizon Technology Finance Corporation (HRZN) formed H&S with $9.43 target or 8.00% below today’s $10.25 share price. Horizon Technology Finance Corporation (HRZN) has $118.12 million valuation. The stock increased 0.79% or $0.08 during the last trading session, reaching $10.25. About 45,954 shares traded. Horizon Technology Finance Corporation (NASDAQ:HRZN) has declined 5.12% since April 28, 2017 and is downtrending. It has underperformed by 16.67% the S&P500.

Jane Street Group Llc decreased Telus Corp (TU) stake by 34.53% reported in 2017Q4 SEC filing. Jane Street Group Llc sold 10,556 shares as Telus Corp (TU)’s stock declined 7.79%. The Jane Street Group Llc holds 20,014 shares with $758,000 value, down from 30,570 last quarter. Telus Corp now has $21.43 billion valuation. The stock increased 0.39% or $0.14 during the last trading session, reaching $35.8. About 277,620 shares traded. TELUS Corporation (NYSE:TU) has risen 7.22% since April 28, 2017 and is uptrending. It has underperformed by 4.33% the S&P500.

Among 7 analysts covering Horizon Technology Finance (NASDAQ:HRZN), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Horizon Technology Finance has $14 highest and $11.0 lowest target. $12.38’s average target is 20.78% above currents $10.25 stock price. Horizon Technology Finance had 17 analyst reports since August 6, 2015 according to SRatingsIntel. National Securities downgraded Horizon Technology Finance Corporation (NASDAQ:HRZN) on Thursday, November 3 to “Neutral” rating. The stock has “Mkt Perform” rating by Raymond James on Wednesday, January 27. The firm earned “Hold” rating on Wednesday, May 31 by Keefe Bruyette & Woods. The rating was downgraded by Raymond James to “Underperform” on Thursday, August 3. On Sunday, October 22 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. On Thursday, March 10 the stock rating was upgraded by Oppenheimer to “Outperform”. The firm has “Hold” rating by Maxim Group given on Wednesday, August 2. As per Wednesday, August 23, the company rating was maintained by Maxim Group. The stock of Horizon Technology Finance Corporation (NASDAQ:HRZN) earned “Market Perform” rating by Raymond James on Thursday, November 2. Raymond James upgraded the stock to “Outperform” rating in Tuesday, November 10 report.

Since March 15, 2018, it had 1 buying transaction, and 0 sales for $106,000 activity. The insider SAVAGE JOSEPH J bought $106,000.

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.25, from 1 in 2017Q3. It improved, as 4 investors sold Horizon Technology Finance Corporation shares while 8 reduced holdings. 9 funds opened positions while 6 raised stakes. 1.48 million shares or 2.55% less from 1.52 million shares in 2017Q3 were reported. Royal Retail Bank Of Canada reported 0% stake. Bridgeway Capital Management reported 200,500 shares. Citigroup has invested 0% of its portfolio in Horizon Technology Finance Corporation (NASDAQ:HRZN). Guggenheim Capital Llc reported 0.01% stake. Wells Fargo & Co Mn holds 35,230 shares. Axa holds 0% or 20,003 shares in its portfolio. Hudock Cap Group Inc Llc stated it has 810 shares or 0% of all its holdings. Horizon Investments Llc reported 10,732 shares. Tower Rech Capital Lc (Trc) accumulated 252 shares. Shelton Cap Management holds 0.03% or 35,000 shares. Cambridge Investment Rech holds 0% of its portfolio in Horizon Technology Finance Corporation (NASDAQ:HRZN) for 10,774 shares. Morgan Stanley holds 94,242 shares. Barclays Pcl owns 76 shares. Macquarie Limited owns 27,586 shares or 0% of their US portfolio. Advisors Asset Mgmt reported 0.06% of its portfolio in Horizon Technology Finance Corporation (NASDAQ:HRZN).

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 8.84 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.

Analysts await TELUS Corporation (NYSE:TU) to report earnings on May, 10 before the open. They expect $0.59 EPS, up 5.36% or $0.03 from last year’s $0.56 per share. TU’s profit will be $353.18M for 15.17 P/E if the $0.59 EPS becomes a reality. After $0.43 actual EPS reported by TELUS Corporation for the previous quarter, Wall Street now forecasts 37.21% EPS growth.

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