WhiteHorse Finance (NASDAQ:WHF) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) passed 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 changing hands.

Wall Street Analysts Forecast Growth

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

WhiteHorse Finance Price Performance

The stock has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.79. The firm has a market cap of $246.34 million, a price-to-earnings ratio of 23.56 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98.

WhiteHorse Finance Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.385 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. This represents a yield of 13.9%. WhiteHorse Finance’s payout ratio is currently 342.23%.

Institutional Investors Weigh In On WhiteHorse Finance

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in WhiteHorse Finance by 1,057.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 2,114 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of WhiteHorse Finance by 48.6% during the second quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock worth $270,000 after purchasing an additional 7,195 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of WhiteHorse Finance during the second quarter worth $357,000. Blue Trust Inc. grew its position in WhiteHorse Finance by 15.2% in the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock valued at $466,000 after buying an additional 5,000 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in WhiteHorse Finance by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after buying an additional 3,330 shares during the period. Institutional investors and hedge funds own 13.20% of the company’s stock.

About WhiteHorse Finance

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.