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

WhiteHorse Finance, Inc. (NASDAQ:WHF) 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 traded.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com cut WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Oppenheimer downgraded 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 report on Monday, November 11th. Finally, Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a 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, the stock currently has an average rating of “Hold” and a consensus price target of $12.25.

WhiteHorse Finance Stock Down 4.9 %

The business’s 50 day simple moving average is $11.04 and its 200 day simple moving average is $11.68. 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 firm has a market capitalization of $230.80 million, a PE ratio of 22.07 and a beta of 1.24.

WhiteHorse Finance Increases Dividend

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

Institutional Investors Weigh In On WhiteHorse Finance

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised 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 valued at $559,000 after buying an additional 3,330 shares during the period. Advisors Asset Management Inc. increased its position in WhiteHorse Finance by 12.6% during the third quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock valued at $2,232,000 after acquiring an additional 21,616 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of 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 valued at $27,000 after acquiring an additional 2,114 shares during the period. Blue Trust Inc. lifted its holdings 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 during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of WhiteHorse Finance by 4.7% during the 3rd quarter. Sound Income Strategies LLC now owns 895,062 shares of the investment management company’s stock worth $10,356,000 after purchasing an additional 39,839 shares during the period. 13.20% of the stock is owned by institutional investors.

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.