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


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WhiteHorse Finance, Inc. (NASDAQ:WHF) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 76,400 shares, a growth of 73.6% from the March 15th total of 44,000 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 76,300 shares, the days-to-cover ratio is currently 1.0 days.

Shares of NASDAQ:WHF opened at $16.08 on Friday. The stock has a 50 day moving average of $15.51 and a 200 day moving average of $13.40. The company has a market cap of $330.44 million, a PE ratio of 18.48 and a beta of 1.38. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. WhiteHorse Finance has a 12-month low of $7.06 and a 12-month high of $16.72.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data on Monday, March 1st. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $16.85 million during the quarter, compared to the consensus estimate of $15.71 million. WhiteHorse Finance had a return on equity of 9.08% and a net margin of 27.50%. Equities research analysts predict that WhiteHorse Finance will post 1.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Friday, March 26th were paid a dividend of $0.355 per share. The ex-dividend date was Thursday, March 25th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 8.83%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 93.42%.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Saturday, March 6th. Raymond James boosted their price target on WhiteHorse Finance from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, March 9th. Finally, B. Riley restated a “neutral” rating on shares of WhiteHorse Finance in a research note on Monday, February 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.50.

Several large investors have recently made changes to their positions in the stock. Ares Management LLC lifted its holdings in WhiteHorse Finance by 33.5% in the 4th quarter. Ares Management LLC now owns 882,976 shares of the investment management company’s stock worth $12,017,000 after purchasing an additional 221,427 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in WhiteHorse Finance by 62.4% in the 1st quarter. Sound Income Strategies LLC now owns 129,008 shares of the investment management company’s stock worth $1,957,000 after purchasing an additional 49,562 shares in the last quarter. BlackRock Inc. lifted its holdings in WhiteHorse Finance by 2.4% in the 4th quarter. BlackRock Inc. now owns 101,663 shares of the investment management company’s stock worth $1,384,000 after purchasing an additional 2,405 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in WhiteHorse Finance by 10.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 82,662 shares of the investment management company’s stock worth $1,125,000 after purchasing an additional 7,849 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in WhiteHorse Finance by 5.2% in the 3rd quarter. California Public Employees Retirement System now owns 36,300 shares of the investment management company’s stock worth $355,000 after purchasing an additional 1,800 shares in the last quarter.

WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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