WhiteHorse Finance (NASDAQ:WHF) Stock Price Passes 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 Monday . The stock has a two hundred day moving average of $9.74 and traded as low as $8.70. WhiteHorse Finance shares last traded at $8.72, with a volume of 107,434 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WHF shares. JPMorgan Chase & Co. decreased their target price on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. B. Riley upgraded 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.50.

WhiteHorse Finance Stock Up 1.1%

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 firm has a market capitalization of $204.98 million, a P/E ratio of 22.62 and a beta of 0.80. The business has a 50 day moving average price of $9.18 and a 200 day moving average price of $9.73.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last issued its quarterly earnings results 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 return on equity of 11.30% and a net margin of 10.62%. The business had revenue of $18.80 million during the quarter, compared to the consensus estimate of $19.98 million. On average, analysts predict that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 19th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 17.46%. The ex-dividend date is Wednesday, June 18th. WhiteHorse Finance's dividend payout ratio (DPR) is currently 394.87%.

Insider Buying and Selling

In related news, Director John Bolduc purchased 22,360 shares of the firm's stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $8.94 per share, for a total transaction of $199,898.40. Following the transaction, the director directly owned 237,885 shares of the company's stock, valued at approximately $2,126,691.90. This trade represents a 10.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in WhiteHorse Finance during the fourth quarter valued at about $39,000. Snowden Capital Advisors LLC acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth approximately $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 valued at $147,000 after purchasing an additional 1,495 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of WhiteHorse Finance during the fourth quarter valued at approximately $154,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of 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 in the last quarter. 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.