WhiteHorse Finance (NASDAQ:WHF) Share Price Crosses Below 200 Day Moving Average - What's Next?

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.34 and traded as low as $9.56. WhiteHorse Finance shares last traded at $9.70, with a volume of 56,618 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WHF. Oppenheimer cut shares of WhiteHorse Finance from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $14.00 to $12.00 in a research note on Monday, November 11th. Raymond James reiterated a "market perform" rating on shares of WhiteHorse Finance in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of WhiteHorse Finance from a "buy" rating to a "hold" rating in a research note on Friday, November 8th.

WhiteHorse Finance Stock Performance

The stock has a 50-day moving average of $10.37 and a 200 day moving average of $11.34. The firm has a market capitalization of $228.25 million, a P/E ratio of 21.82 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.

WhiteHorse Finance Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a $0.385 dividend. This represents a yield of 13.9%. The ex-dividend date was Friday, December 20th. This is a boost from WhiteHorse Finance's previous -- dividend of $0.05. WhiteHorse Finance's dividend payout ratio (DPR) is presently 342.22%.

Hedge Funds Weigh In On WhiteHorse Finance

Several hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in WhiteHorse Finance by 1,057.0% in the third 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 period. Commonwealth Equity Services LLC lifted its holdings 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 acquiring an additional 7,195 shares in the last quarter. Squarepoint Ops LLC acquired a new position in WhiteHorse Finance in the second quarter valued at about $357,000. Blue Trust Inc. increased its holdings in shares of WhiteHorse Finance by 15.2% in the third quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company's stock worth $466,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of WhiteHorse Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company's stock worth $559,000 after acquiring an additional 3,330 shares in the last quarter. 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.