WhiteHorse Finance (NASDAQ:WHF) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com lowered shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Oppenheimer downgraded WhiteHorse Finance from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $14.00 to $12.00 in a research note on Monday, November 11th. 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 issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.25.

WhiteHorse Finance Stock Down 4.9 %

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 firm’s 50-day moving average price is $11.04 and its 200 day moving average price is $11.69. The firm has a market cap of $230.80 million, a P/E ratio of 22.07 and a beta of 1.24.

WhiteHorse Finance Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.385 dividend. This is a boost from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date is Friday, December 20th. This represents a yield of 13.9%. WhiteHorse Finance’s dividend payout ratio is 342.22%.

Institutional Trading of WhiteHorse Finance

Several large investors have recently added to or reduced their stakes in WHF. Tidal Investments LLC grew its position in WhiteHorse Finance by 7.4% in 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 in the last quarter. Advisors Asset Management Inc. raised its position in shares of WhiteHorse Finance by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock worth $2,232,000 after buying an additional 21,616 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of WhiteHorse Finance by 1,057.0% in 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. Blue Trust Inc. boosted its holdings in shares of WhiteHorse Finance by 15.2% in the third quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock valued at $466,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of WhiteHorse Finance by 4.7% during the third quarter. Sound Income Strategies LLC now owns 895,062 shares of the investment management company’s stock valued at $10,356,000 after acquiring an additional 39,839 shares during the period. 13.20% of the stock is currently owned by institutional investors and hedge funds.

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.