WhiteHorse Finance (NASDAQ:WHF) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.68 and traded as low as $9.03. WhiteHorse Finance shares last traded at $9.17, with a volume of 103,642 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised WhiteHorse Finance to a "hold" rating in a research note on Monday, June 16th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, WhiteHorse Finance has a consensus rating of "Hold" and a consensus target price of $10.50.

WhiteHorse Finance Trading Down 1.4%

The company has a debt-to-equity ratio of 1.28, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $207.30 million, a price-to-earnings ratio of 22.87 and a beta of 0.79. The business has a 50 day simple moving average of $9.05 and a 200 day simple moving average of $9.66.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The investment management company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $18.80 million during the quarter, compared to analyst estimates of $19.98 million. WhiteHorse Finance had a return on equity of 11.30% and a net margin of 10.62%. As a group, equities analysts forecast that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were given a dividend of $0.385 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 17.26%. WhiteHorse Finance's payout ratio is currently 394.87%.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors and hedge funds have recently made changes to their positions in WHF. Raymond James Financial Inc. bought a new stake in WhiteHorse Finance in the fourth quarter valued at about $407,000. Independent Advisor Alliance bought a new stake in WhiteHorse Finance in the fourth quarter valued at about $735,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in WhiteHorse Finance by 2.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company's stock valued at $589,000 after purchasing an additional 1,486 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in WhiteHorse Finance by 23.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company's stock valued at $188,000 after purchasing an additional 3,683 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in WhiteHorse Finance in the fourth quarter valued at about $253,000. Institutional investors 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.