WhiteHorse Finance (NASDAQ:WHF) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) 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 trading hands.

Analyst Upgrades and Downgrades

Separately, B. Riley raised shares of 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 stock. According to MarketBeat, WhiteHorse Finance currently has a consensus rating of "Hold" and an average target price of $10.50.

WhiteHorse Finance Stock Down 1.4%

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $207.33 million, a price-to-earnings ratio of 22.87 and a beta of 0.79. The stock's fifty day moving average price is $9.07 and its 200-day moving average price is $9.67.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The investment management company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WhiteHorse Finance had a net margin of 10.62% and a return on equity of 11.30%. The company had revenue of $18.80 million during the quarter, compared to analyst estimates of $19.98 million. On average, sell-side analysts predict that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were given a dividend of $0.385 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.54 annualized dividend and a yield of 17.26%. WhiteHorse Finance's dividend payout ratio is 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 bought a new position in WhiteHorse Finance during the 4th quarter valued at $39,000. Northstar Advisory Group LLC bought a new position in WhiteHorse Finance during the 2nd quarter valued at $87,000. Snowden Capital Advisors LLC bought a new position in WhiteHorse Finance during the 4th quarter valued at $101,000. LPL Financial LLC raised its stake in shares of WhiteHorse Finance by 10.9% during the 4th quarter. LPL Financial LLC now owns 15,182 shares of the investment management company's stock worth $147,000 after purchasing an additional 1,495 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of WhiteHorse Finance during the 4th quarter worth $154,000. Institutional investors 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.