WhiteHorse Finance (NASDAQ:WHF) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.01 and traded as low as $10.57. WhiteHorse Finance shares last traded at $10.69, with a volume of 65,506 shares.

Wall Street Analyst Weigh In

Several research firms have commented on WHF. StockNews.com cut shares of WhiteHorse Finance from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered their target price on shares of WhiteHorse Finance from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Monday, February 3rd. Raymond James reissued a "market perform" rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. Finally, Oppenheimer cut shares of WhiteHorse Finance from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $14.00 to $12.00 in a research note on Monday, November 11th.

WhiteHorse Finance Price Performance

The company's 50 day moving average price is $10.18 and its 200-day moving average price is $10.99. The company has a market cap of $255.41 million, a price-to-earnings ratio of 24.42 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98.

Hedge Funds Weigh In On WhiteHorse Finance

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in shares of WhiteHorse Finance by 1,057.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company's stock worth $27,000 after purchasing an additional 2,114 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of WhiteHorse Finance in the 4th quarter worth approximately $39,000. Snowden Capital Advisors LLC acquired a new position in shares of WhiteHorse Finance in the 4th quarter worth approximately $101,000. LPL Financial LLC boosted its holdings in shares of WhiteHorse Finance by 10.9% in the fourth quarter. LPL Financial LLC now owns 15,182 shares of the investment management company's stock worth $147,000 after buying an additional 1,495 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of WhiteHorse Finance in the fourth quarter worth about $154,000. 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.