WhiteHorse Finance (NASDAQ:WHF) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• WhiteHorse Finance stock fell below its 200-day moving average of $9.60, trading at $8.87, indicative of a potential bearish trend.
• Wall Street has a consensus hold rating on WhiteHorse Finance, with an average target price of $10.50, although one analyst suggests selling.
• The recent quarterly dividend of $0.385 per share reflects a high yield of 17.36%, but the company has a significant dividend payout ratio of 394.87%.

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 $9.60 and traded as low as $8.85. WhiteHorse Finance shares last traded at $8.87, with a volume of 64,626 shares changing 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 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, WhiteHorse Finance currently has an average rating of "Hold" and a consensus target price of $10.50.

WhiteHorse Finance Trading Down 1.7%

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 firm's 50-day moving average price is $8.98 and its 200 day moving average price is $9.60. The company has a market capitalization of $206.14 million, a P/E ratio of 22.74 and a beta of 0.79.

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

WhiteHorse Finance Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, June 18th. This represents a $1.54 dividend on an annualized basis and a yield of 17.36%. WhiteHorse Finance's dividend payout ratio is currently 394.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northstar Advisory Group LLC bought a new stake in shares of WhiteHorse Finance during the second quarter valued at approximately $87,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of WhiteHorse Finance by 13.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,487 shares of the investment management company's stock valued at $468,000 after buying an additional 5,715 shares in the last quarter. Ethos Financial Group LLC bought a new stake in WhiteHorse Finance during the 1st quarter valued at approximately $1,931,000. Cambridge Investment Research Advisors Inc. lifted its holdings in WhiteHorse Finance by 26.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,799 shares of the investment management company's stock worth $442,000 after purchasing an additional 9,709 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in WhiteHorse Finance by 22.6% in the 1st quarter. Blue Trust Inc. now owns 66,782 shares of the investment management company's stock worth $644,000 after purchasing an additional 12,328 shares during the period. Hedge funds and other 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.

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