WhiteHorse Finance, Inc. (NASDAQ:WHF) Sees Significant Increase in Short Interest

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings 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 worth $27,000 after acquiring an additional 2,114 shares during the period. EntryPoint Capital LLC bought a new stake in WhiteHorse Finance in the first quarter worth approximately $39,000. CANADA LIFE ASSURANCE Co lifted its stake 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 valued at $227,000 after buying an additional 3,013 shares during the period. Commonwealth Equity Services LLC boosted 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 worth $270,000 after buying an additional 7,195 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $357,000. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF opened at $10.53 on Friday. The firm has a market cap of $244.72 million, a PE ratio of 23.40 and a beta of 1.28. WhiteHorse Finance has a 52 week low of $10.48 and a 52 week high of $13.44. The firm’s fifty day moving average is $11.68 and its 200-day moving average is $12.14. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98.

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 issued a $0.385 dividend. The ex-dividend date is Friday, December 20th. This is a boost from WhiteHorse Finance’s previous — dividend of $0.05. This represents a yield of 13.9%. WhiteHorse Finance’s dividend payout ratio is presently 342.23%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Oppenheimer cut WhiteHorse Finance from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $14.00 to $12.00 in a research report on Monday. JPMorgan Chase & Co. lowered their price target on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a report on Monday, July 29th. StockNews.com cut shares of 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 research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.25.

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.