WhiteHorse Finance (NASDAQ:WHF) Stock Passes Below 200-Day Moving Average – Here’s What Happened

WhiteHorse Finance, Inc. (NASDAQ:WHF)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.34 and traded as low as $9.56. WhiteHorse Finance shares last traded at $9.70, with a volume of 56,618 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WHF shares. Raymond James reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $14.00 to $12.00 in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

WhiteHorse Finance Price Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $225.46 million, a PE ratio of 21.56 and a beta of 1.25. The company has a 50-day moving average of $10.37 and a two-hundred day moving average of $11.34.

WhiteHorse Finance Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.385 per share. This represents a dividend yield of 13.9%. This is an increase from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date was Friday, December 20th. WhiteHorse Finance’s dividend payout ratio is presently 342.22%.

Hedge Funds Weigh In On WhiteHorse Finance

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in shares of 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 acquiring an additional 7,195 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of WhiteHorse Finance during the second quarter worth about $647,000. Squarepoint Ops LLC acquired a new position in shares of WhiteHorse Finance during the second quarter worth about $357,000. Sound Income Strategies LLC boosted its position in shares of WhiteHorse Finance by 4.7% in 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 period. Finally, Blue Trust Inc. grew its stake in shares of WhiteHorse Finance by 15.2% in the third 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 in the last quarter. 13.20% of the stock is owned by institutional investors and hedge funds.

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.