WhiteHorse Finance (NASDAQ:WHF) Stock Passes Below Two Hundred Day Moving Average - Here's Why

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.69 and traded as low as $9.93. WhiteHorse Finance shares last traded at $9.93, with a volume of 190,494 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WHF shares. Oppenheimer cut shares of WhiteHorse Finance from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $14.00 to $12.00 in a report on Monday, November 11th. Raymond James restated a "market perform" rating on shares of WhiteHorse Finance in a research report on Friday, November 8th. Finally, StockNews.com lowered shares of WhiteHorse Finance from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.25.

WhiteHorse Finance Trading Down 4.9 %

The firm has a market cap of $230.80 million, a PE ratio of 22.07 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average price of $11.04 and a two-hundred day moving average price of $11.69.

WhiteHorse Finance Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from WhiteHorse Finance's previous -- dividend of $0.05. This represents a yield of 13.9%. WhiteHorse Finance's dividend payout ratio (DPR) is 342.22%.

Hedge Funds Weigh In On WhiteHorse Finance

Several hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC increased its position in 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. Commonwealth Equity Services LLC boosted its stake in WhiteHorse Finance by 48.6% during the second quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company's stock worth $270,000 after buying an additional 7,195 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of WhiteHorse Finance during the 2nd quarter worth approximately $357,000. Blue Trust Inc. grew its holdings in shares of WhiteHorse Finance by 15.2% in the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company's stock worth $466,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in shares of WhiteHorse Finance by 7.4% in the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company's stock valued at $559,000 after buying an additional 3,330 shares in the last quarter. 13.20% of the stock is currently owned by institutional investors and hedge funds.

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.