WhiteHorse Finance (NASDAQ:WHF) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.12 and traded as high as $7.47. WhiteHorse Finance shares last traded at $7.40, with a volume of 120,633 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of WhiteHorse Finance in a research note on Monday, April 20th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, WhiteHorse Finance presently has a consensus rating of “Reduce” and a consensus target price of $7.75.

WhiteHorse Finance Trading Up 1.5%

The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.30. The stock has a 50-day simple moving average of $7.42 and a two-hundred day simple moving average of $7.12. The firm has a market capitalization of $159.91 million, a P/E ratio of 18.05 and a beta of 0.41.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The firm had revenue of $15.90 million for the quarter, compared to the consensus estimate of $16.35 million. WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. On average, equities research analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, May 21st will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.5%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 243.90%.

Insiders Place Their Bets

In related news, Director John Bolduc purchased 8,392 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $7.12 per share, for a total transaction of $59,751.04. Following the acquisition, the director owned 267,894 shares of the company’s stock, valued at $1,907,405.28. The trade was a 3.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stuart D. Aronson purchased 8,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of $6.95 per share, for a total transaction of $55,600.00. Following the completion of the acquisition, the chief executive officer directly owned 80,000 shares in the company, valued at approximately $556,000. This trade represents a 11.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 47,448 shares of company stock worth $337,673 over the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of WhiteHorse Finance in the 3rd quarter valued at $26,000. Kestra Advisory Services LLC purchased a new position in shares of WhiteHorse Finance in the 4th quarter valued at $44,000. HUB Investment Partners LLC purchased a new position in shares of WhiteHorse Finance in the 3rd quarter valued at $75,000. Norden Group LLC purchased a new position in shares of WhiteHorse Finance in the 4th quarter valued at $76,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of WhiteHorse Finance in the 4th quarter valued at $88,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

About WhiteHorse Finance

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.