WhiteHorse Finance (NASDAQ:WHF) Shares Cross Above 200-Day Moving Average of $13.23

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Rating) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.23 and traded as high as $13.77. WhiteHorse Finance shares last traded at $13.32, with a volume of 36,137 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. B. Riley started coverage on WhiteHorse Finance in a report on Friday, October 14th. They issued a “buy” rating and a $12.00 target price for the company. StockNews.com assumed coverage on shares of WhiteHorse Finance in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Raymond James reduced their price target on shares of WhiteHorse Finance from $15.50 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, November 22nd. Hovde Group decreased their price objective on shares of WhiteHorse Finance to $13.00 in a report on Wednesday, October 5th. Finally, LADENBURG THALM/SH SH dropped their target price on shares of WhiteHorse Finance to $14.00 in a report on Thursday, November 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, WhiteHorse Finance currently has a consensus rating of “Hold” and a consensus price target of $13.60.

WhiteHorse Finance Stock Down 1.5 %

The company’s 50-day moving average price is $13.18 and its 200 day moving average price is $13.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a market cap of $309.60 million, a PE ratio of 15.14 and a beta of 1.26.

WhiteHorse Finance (NASDAQ:WHFGet Rating) last announced its earnings results on Monday, November 14th. The investment management company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $21.56 million during the quarter, compared to analysts’ expectations of $21.18 million. WhiteHorse Finance had a net margin of 24.97% and a return on equity of 9.19%. As a group, analysts forecast that WhiteHorse Finance, Inc. will post 1.55 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $1.42 annualized dividend and a yield of 10.66%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 161.37%.

Insiders Place Their Bets

In related news, Director John Bolduc acquired 7,690 shares of the stock in a transaction dated Monday, December 5th. The shares were purchased at an average cost of $13.00 per share, with a total value of $99,970.00. Following the transaction, the director now directly owns 166,722 shares in the company, valued at $2,167,386. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 38,658 shares of company stock worth $501,002 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of WhiteHorse Finance

Several institutional investors and hedge funds have recently modified their holdings of WHF. Capital Analysts LLC purchased a new stake in WhiteHorse Finance in the 2nd quarter worth $37,000. Great West Life Assurance Co. Can boosted its stake in shares of WhiteHorse Finance by 17.9% in the first quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock worth $99,000 after acquiring an additional 937 shares during the period. Ahrens Investment Partners LLC grew its position in shares of WhiteHorse Finance by 107.8% during the third quarter. Ahrens Investment Partners LLC now owns 10,025 shares of the investment management company’s stock worth $111,000 after purchasing an additional 5,200 shares in the last quarter. Virtu Financial LLC bought a new stake in WhiteHorse Finance during the 2nd quarter valued at approximately $140,000. Finally, Royal Bank of Canada raised its stake in WhiteHorse Finance by 10.1% during the 1st quarter. Royal Bank of Canada now owns 10,885 shares of the investment management company’s stock valued at $164,000 after purchasing an additional 998 shares during the period. 12.45% of the stock is currently owned by institutional investors.

About WhiteHorse Finance

(Get Rating)

WhiteHorse Finance, Inc is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Our stock is publicly traded on the NASDAQ exchange under the ticker symbol ”WHF”. We have senior notes listed on the NASDAQ exchange under the ticker symbol “WHFBL“.

Further Reading

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