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

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report)'s stock price 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 upgraded WhiteHorse Finance to a "hold" rating in a research note on Monday, June 16th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, WhiteHorse Finance presently has an average rating of "Hold" and a consensus target price of $10.50.

WhiteHorse Finance Price Performance

The firm has a market capitalization of $210.32 million, a P/E ratio of 23.21 and a beta of 0.79. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50 day simple moving average of $9.08 and a two-hundred day simple moving average of $9.67.

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

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 17.02%. The ex-dividend date of this dividend was Wednesday, June 18th. WhiteHorse Finance's dividend payout ratio is presently 394.87%.

Institutional Investors Weigh In On WhiteHorse Finance

Several institutional investors have recently bought and sold shares of WHF. Millennium Management LLC lifted its holdings in WhiteHorse Finance by 172.4% in the 4th quarter. Millennium Management LLC now owns 129,981 shares of the investment management company's stock worth $1,258,000 after buying an additional 82,263 shares during the period. Independent Advisor Alliance purchased a new stake in WhiteHorse Finance in the 4th quarter worth approximately $735,000. Jane Street Group LLC bought a new position in shares of WhiteHorse Finance in the 4th quarter worth approximately $241,000. Sound Income Strategies LLC raised its position in shares of WhiteHorse Finance by 5.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,013,374 shares of the investment management company's stock worth $9,779,000 after acquiring an additional 48,078 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of WhiteHorse Finance in the 4th quarter worth approximately $39,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

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.