Kellner Capital Has Upped By $521,400 Its Akorn (AKRX) Stake; Horizon Bancorp Has 1.7 Sentiment

January 16, 2018 - By Marie Mckinney

Horizon Bancorp operates as the bank holding firm for Horizon Bank, N.A. that provides commercial and retail banking services. The company has market cap of $717.54 million. The firm offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. It has a 20.29 P/E ratio. The Company’s loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans.

Kellner Capital Llc increased Akorn Inc (AKRX) stake by 59.4% reported in 2017Q3 SEC filing. Kellner Capital Llc acquired 15,800 shares as Akorn Inc (AKRX)’s stock rose 52.48%. The Kellner Capital Llc holds 42,400 shares with $1.41 million value, up from 26,600 last quarter. Akorn Inc now has $4.19 billion valuation. The stock decreased 0.22% or $0.08 during the last trading session, reaching $33.47. About 1.10M shares traded. Akorn, Inc. (NASDAQ:AKRX) has risen 12.04% since January 16, 2017 and is uptrending. It has underperformed by 4.66% the S&P500.

Among 16 analysts covering Akorn Inc (NASDAQ:AKRX), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Akorn Inc had 36 analyst reports since July 21, 2015 according to SRatingsIntel. Leerink Swann maintained it with “Market Perform” rating and $28 target in Wednesday, March 23 report. On Friday, October 27 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, August 29. The firm has “Hold” rating by RBC Capital Markets given on Monday, October 2. On Tuesday, June 27 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Market Perform” rating by Raymond James on Tuesday, August 2. As per Friday, August 5, the company rating was maintained by WallachBeth Capital. The stock of Akorn, Inc. (NASDAQ:AKRX) earned “Sell” rating by Goldman Sachs on Thursday, December 1. The stock of Akorn, Inc. (NASDAQ:AKRX) has “Hold” rating given on Friday, September 1 by RBC Capital Markets. The firm earned “Outperform” rating on Wednesday, March 23 by William Blair.

Pl Capital Advisors Llc holds 6.66% of its portfolio in Horizon Bancorp for 889,142 shares. Jacobs Asset Management Llc owns 327,846 shares or 1.82% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 1.19% invested in the company for 144,293 shares. The New Jersey-based Tradition Capital Management Llc has invested 0.55% in the stock. Minerva Advisors Llc, a Pennsylvania-based fund reported 29,816 shares.

The stock decreased 0.64% or $0.18 during the last trading session, reaching $28.14. About 95,729 shares traded or 17.95% up from the average. Horizon Bancorp (HBNC) has risen 57.87% since January 16, 2017 and is uptrending. It has outperformed by 41.17% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 5 selling transactions for $699,573 activity.

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