WhiteHorse Finance (NASDAQ:WHF) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

WhiteHorse Finance, Inc. (NASDAQ:WHF)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, WhiteHorse Finance presently has an average rating of “Reduce” and an average price target of $7.75.

WhiteHorse Finance Stock Performance

The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.30. The company has a market cap of $157.97 million, a P/E ratio of 17.83 and a beta of 0.41. The business has a fifty day moving average of $7.41 and a 200 day moving average of $7.13.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Thursday, May 7th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The business 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 analysts predict that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, May 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio is currently 243.90%.

Insider Transactions at WhiteHorse Finance

In related news, Director John Bolduc purchased 8,392 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $7.12 per share, with a total value of $59,751.04. Following the completion of the purchase, the director directly owned 267,894 shares in the company, valued at approximately $1,907,405.28. This represents a 3.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stuart D. Aronson purchased 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average cost of $6.95 per share, with a total value of $55,600.00. Following the completion of the purchase, the chief executive officer owned 80,000 shares of the company’s stock, valued at $556,000. This represents a 11.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 47,448 shares of company stock valued at $337,673. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On WhiteHorse Finance

A number of institutional investors have recently bought and sold shares of WHF. Advisory Services Network LLC bought a new position in WhiteHorse Finance in the third quarter worth about $26,000. Kestra Advisory Services LLC bought a new position in WhiteHorse Finance in the fourth quarter worth $44,000. HUB Investment Partners LLC bought a new position in WhiteHorse Finance in the third quarter worth $75,000. Norden Group LLC bought a new position in WhiteHorse Finance in the fourth quarter worth $76,000. Finally, O Shaughnessy Asset Management LLC bought a new position in WhiteHorse Finance in the fourth quarter worth $88,000. 13.20% of the stock is owned by institutional investors.

WhiteHorse Finance Company Profile

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.