WhiteHorse Finance (NASDAQ:WHF) Share Price Passes Above 200 Day Moving Average – Should You Sell?

WhiteHorse Finance, Inc. (NASDAQ:WHF) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.98 and traded as high as $7.44. WhiteHorse Finance shares last traded at $7.33, with a volume of 278,594 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on WHF shares. B. Riley Financial raised their price target on WhiteHorse Finance from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. increased their price objective on shares of WhiteHorse Finance from $6.00 to $6.50 and gave the stock an “underweight” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Friday, August 28th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $7.25.

WhiteHorse Finance Trading Up 1.8%

The firm’s 50-day simple moving average is $6.82 and its 200 day simple moving average is $6.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $160.03 million, a price-to-earnings ratio of 9.43 and a beta of 0.38.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Monday, August 10th. The investment management company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). WhiteHorse Finance had a net margin of 26.88% and a return on equity of 8.94%. The business had revenue of $14.37 million during the quarter, compared to analyst estimates of $15.66 million. Equities analysts expect that WhiteHorse Finance, Inc. will post 0.97 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, September 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.00 annualized dividend and a yield of 13.4%. WhiteHorse Finance’s dividend payout ratio (DPR) is 126.58%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WHF. Bank of America Corp DE acquired a new stake in shares of WhiteHorse Finance in the 2nd quarter valued at approximately $1,240,000. Legal & General Group Plc bought a new stake in shares of WhiteHorse Finance during the 2nd quarter valued at approximately $1,172,000. Lalia Capital LLC acquired a new position in WhiteHorse Finance during the 2nd quarter worth approximately $4,776,000. NewEdge Wealth LLC acquired a new position in WhiteHorse Finance during the 2nd quarter worth approximately $117,000. Finally, Gables Capital Management Inc. bought a new position in WhiteHorse Finance in the 2nd quarter valued at approximately $294,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc (NASDAQ: WHF) is a business development company that provides financing to privately owned, primarily middle-market companies. The company invests in businesses across a range of industries, with an emphasis on generating current income and, to a lesser extent, long-term capital appreciation.

WhiteHorse Finance’s investment portfolio generally consists of senior secured loans, subordinated debt and other structured investments. It may also make equity investments in portfolio companies.