WhiteHorse Finance (NASDAQ:WHF) Shares Pass Below 200 Day Moving Average – Here’s What Happened

WhiteHorse Finance, Inc. (NASDAQ:WHF)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.69 and traded as low as $9.93. WhiteHorse Finance shares last traded at $9.93, with a volume of 190,494 shares changing hands.

Analysts Set New Price Targets

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

WhiteHorse Finance Stock Performance

The firm has a market cap of $230.80 million, a price-to-earnings ratio of 22.07 and a beta of 1.24. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average of $11.04 and a 200 day moving average of $11.69.

WhiteHorse Finance Increases Dividend

The business also recently declared a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.385 per share. The ex-dividend date is Friday, December 20th. This represents a dividend yield of 13.9%. This is an increase from WhiteHorse Finance’s previous — dividend of $0.05. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 342.22%.

Institutional Investors Weigh In On WhiteHorse Finance

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in WhiteHorse Finance by 1,057.0% in the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after purchasing an additional 2,114 shares in the last quarter. Tidal Investments LLC lifted its holdings in WhiteHorse Finance by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock worth $559,000 after buying an additional 3,330 shares during the last quarter. Blue Trust Inc. grew its position in shares of WhiteHorse Finance by 15.2% in the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock worth $466,000 after acquiring an additional 5,000 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of WhiteHorse Finance by 48.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 7,195 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of WhiteHorse Finance by 16.0% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company’s stock valued at $813,000 after acquiring an additional 8,866 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.