WhiteHorse Finance (NASDAQ:WHF) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) crossed 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 trading hands.

Analyst Upgrades and Downgrades

WHF has been the topic of a number of analyst reports. StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Raymond James reiterated a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th. Finally, Oppenheimer cut shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $14.00 to $12.00 in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.25.

WhiteHorse Finance Stock Performance

The company has a market capitalization of $247.74 million, a P/E ratio of 23.69 and a beta of 1.24. The stock’s fifty day moving average price is $11.15 and its 200-day moving average price is $11.77. 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 firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.385 dividend. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date of this dividend is Friday, December 20th. This represents a yield of 13.9%. WhiteHorse Finance’s dividend payout ratio is currently 342.23%.

Hedge Funds Weigh In On WhiteHorse Finance

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings 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 valued at $27,000 after buying an additional 2,114 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of WhiteHorse Finance by 48.6% in the second quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 7,195 shares in the last quarter. Squarepoint Ops LLC bought a new position in WhiteHorse Finance during the second quarter worth about $357,000. Blue Trust Inc. raised its stake in 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 in the last quarter. Finally, Tidal Investments LLC boosted its holdings in WhiteHorse Finance by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after purchasing an additional 3,330 shares during the period. 13.20% of the stock is currently owned by institutional investors and hedge funds.

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.