WhiteHorse Finance (NASDAQ:WHF) Shares Cross Below 200-Day Moving Average – Should You Sell?

WhiteHorse Finance, Inc. (NASDAQ:WHF)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Oppenheimer downgraded WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $14.00 to $12.00 in a report on Monday, November 11th. StockNews.com lowered 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 note on Friday, November 8th.

WhiteHorse Finance Stock Performance

The stock has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $11.31. 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 market cap of $227.78 million, a price-to-earnings ratio of 21.78 and a beta of 1.25.

WhiteHorse Finance Increases Dividend

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

Institutional Trading of WhiteHorse Finance

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of WhiteHorse Finance by 1,057.0% during 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. Commonwealth Equity Services LLC increased 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 worth $270,000 after buying an additional 7,195 shares during the period. Squarepoint Ops LLC acquired a new position in WhiteHorse Finance in the 2nd quarter worth $357,000. Blue Trust Inc. boosted its position in WhiteHorse Finance by 15.2% in the 3rd 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 during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of WhiteHorse Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after acquiring an additional 3,330 shares in the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

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.