WhiteHorse Finance (NASDAQ:WHF) Shares Pass Below 200-Day Moving Average – What’s Next?

WhiteHorse Finance, Inc. (NASDAQ:WHF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.79 and traded as low as $10.55. WhiteHorse Finance shares last traded at $10.60, with a volume of 49,051 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WHF. Oppenheimer cut shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $14.00 to $12.00 in a report on Monday, November 11th. Raymond James reiterated a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th. Finally, StockNews.com cut WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.25.

WhiteHorse Finance Stock Performance

The company’s 50-day simple moving average is $11.15 and its 200-day simple moving average is $11.77. The stock has a market capitalization of $247.74 million, a price-to-earnings ratio of 23.69 and a beta of 1.24. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19.

WhiteHorse Finance Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.385 per share. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. This represents a yield of 13.9%. The ex-dividend date of this dividend is Friday, December 20th. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 342.23%.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors have recently made changes to their positions in WHF. Tidal Investments LLC lifted its stake in shares of WhiteHorse Finance by 7.4% in the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock worth $559,000 after acquiring an additional 3,330 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of WhiteHorse Finance by 12.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock valued at $2,232,000 after purchasing an additional 21,616 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of WhiteHorse Finance by 1,057.0% during the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after buying an additional 2,114 shares during the period. Blue Trust Inc. increased its position in shares of WhiteHorse Finance by 15.2% during the third quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock worth $466,000 after buying an additional 5,000 shares during the period. Finally, Sound Income Strategies LLC raised its stake in WhiteHorse Finance by 4.7% during the third quarter. Sound Income Strategies LLC now owns 895,062 shares of the investment management company’s stock worth $10,356,000 after buying an additional 39,839 shares during the last quarter. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.