WhiteHorse Finance, Inc. (NASDAQ:WHF) Short Interest Update

WhiteHorse Finance, Inc. (NASDAQ:WHF) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 239,300 shares, a growth of 16.6% from the October 15th total of 205,200 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,700 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Trading of WhiteHorse Finance

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in WhiteHorse Finance by 1,057.0% during 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. EntryPoint Capital LLC purchased a new stake in WhiteHorse Finance in the first quarter worth approximately $39,000. CANADA LIFE ASSURANCE Co boosted its holdings in WhiteHorse Finance by 19.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock worth $227,000 after purchasing an additional 3,013 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in WhiteHorse Finance by 48.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock valued at $270,000 after buying an additional 7,195 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of WhiteHorse Finance during the 2nd quarter valued at $357,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on WHF. StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a research note on Monday, July 29th. Oppenheimer cut WhiteHorse Finance from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $14.00 to $12.00 in a research note on Monday, November 11th. Finally, Raymond James reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.25.

WhiteHorse Finance Stock Up 0.9 %

Shares of NASDAQ:WHF opened at $10.62 on Friday. WhiteHorse Finance has a 12-month low of $10.48 and a 12-month high of $13.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $11.62 and a two-hundred day simple moving average of $12.11. The stock has a market capitalization of $246.81 million, a price-to-earnings ratio of 23.60 and a beta of 1.28.

WhiteHorse Finance Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid 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 is Friday, December 20th. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 342.23%.

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.