WhiteHorse Finance (NASDAQ:WHF) Shares Pass Below 200-Day Moving Average - Here's What Happened

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Ratings Changes

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

WhiteHorse Finance Stock Down 3.5%

The company has a market capitalization of $205.67 million, a price-to-earnings ratio of 22.69 and a beta of 0.79. The firm's 50 day moving average price is $9.09 and its two-hundred day moving average price is $9.68. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The investment management company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $18.80 million for 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%. Sell-side analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were paid a $0.385 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.54 dividend on an annualized basis and a yield of 17.40%. WhiteHorse Finance's dividend payout ratio (DPR) is currently 394.87%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WHF. Tower Research Capital LLC TRC acquired a new position in shares of WhiteHorse Finance during the fourth quarter worth $39,000. Northstar Advisory Group LLC acquired a new position in shares of WhiteHorse Finance during the second quarter valued at about $87,000. Snowden Capital Advisors LLC acquired a new position in shares of WhiteHorse Finance during the fourth quarter valued at about $101,000. LPL Financial LLC increased its position in shares of WhiteHorse Finance by 10.9% during the fourth quarter. LPL Financial LLC now owns 15,182 shares of the investment management company's stock worth $147,000 after acquiring an additional 1,495 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in WhiteHorse Finance in the 4th quarter worth about $154,000. Institutional investors and hedge funds own 13.20% of the company's stock.

WhiteHorse Finance Company Profile

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.