WhiteHorse Finance (NASDAQ:WHF) Stock Price Passes Above 200 Day Moving Average of $0.00

WhiteHorse Finance, Inc. (NASDAQ:WHF) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $15.79. WhiteHorse Finance shares last traded at $15.69, with a volume of 86,388 shares traded.

Several research analysts have commented on the stock. Raymond James raised their target price on shares of WhiteHorse Finance from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, March 3rd. Zacks Investment Research cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, May 14th. B. Riley restated a “neutral” rating on shares of WhiteHorse Finance in a report on Monday, February 22nd. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $15.50 price target (up from $14.50) on shares of WhiteHorse Finance in a report on Monday, May 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. WhiteHorse Finance presently has a consensus rating of “Hold” and an average price target of $14.33.

The company has a debt-to-equity ratio of 1.07, a current ratio of 2.71 and a quick ratio of 2.71. The company has a market cap of $322.98 million, a price-to-earnings ratio of 5.28 and a beta of 1.51. The company has a fifty day moving average of $15.61.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Monday, May 10th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The firm had revenue of $17.97 million during the quarter, compared to analysts’ expectations of $18.15 million. WhiteHorse Finance had a net margin of 93.36% and a return on equity of 8.29%. On average, equities analysts forecast that WhiteHorse Finance, Inc. will post 1.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 2nd. Shareholders of record on Friday, June 18th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date of this dividend is Thursday, June 17th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 121.37%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC raised its position in shares of WhiteHorse Finance by 62.4% in the first quarter. Sound Income Strategies LLC now owns 129,008 shares of the investment management company’s stock valued at $1,957,000 after purchasing an additional 49,562 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of WhiteHorse Finance by 10.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 82,662 shares of the investment management company’s stock valued at $1,125,000 after purchasing an additional 7,849 shares during the period. Virtu Financial LLC bought a new position in shares of WhiteHorse Finance in the fourth quarter valued at approximately $387,000. BlackRock Inc. raised its position in shares of WhiteHorse Finance by 2.4% in the fourth quarter. BlackRock Inc. now owns 101,663 shares of the investment management company’s stock valued at $1,384,000 after purchasing an additional 2,405 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of WhiteHorse Finance in the first quarter valued at approximately $91,000. Hedge funds and other institutional investors own 14.06% of the company’s stock.

About WhiteHorse Finance (NASDAQ:WHF)

WhiteHorse Finance, LLC is a business development company.

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