WhiteHorse Finance (NASDAQ:WHF) Stock Passes Below 200-Day Moving Average - Here's Why

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.79 and traded as low as $10.55. WhiteHorse Finance shares last traded at $10.60, with a volume of 49,051 shares changing hands.

Wall Street Analyst Weigh In

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

WhiteHorse Finance Price Performance

The stock has a 50-day moving average of $11.17 and a two-hundred day moving average of $11.79. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The firm has a market cap of $247.74 million, a price-to-earnings ratio of 23.69 and a beta of 1.24.

WhiteHorse Finance Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.385 dividend. This is an increase from WhiteHorse Finance's previous -- dividend of $0.05. This represents a yield of 13.9%. The ex-dividend date is Friday, December 20th. WhiteHorse Finance's dividend payout ratio is currently 342.23%.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors have recently modified their holdings of WHF. Marshall Wace LLP bought a new stake in shares of WhiteHorse Finance in the 2nd quarter valued at approximately $647,000. Sound Income Strategies LLC increased its stake in shares of WhiteHorse Finance by 4.7% during the 3rd quarter. Sound Income Strategies LLC now owns 895,062 shares of the investment management company's stock worth $10,356,000 after purchasing an additional 39,839 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of WhiteHorse Finance during the 2nd quarter valued at $357,000. Advisors Asset Management Inc. lifted its stake in shares of WhiteHorse Finance by 12.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company's stock valued at $2,232,000 after purchasing an additional 21,616 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in WhiteHorse Finance by 16.0% in the second quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company's stock worth $813,000 after purchasing an additional 8,866 shares in the last quarter. Institutional investors and hedge funds 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.