WhiteHorse Finance (NASDAQ:WHF) Stock Passes Above 200-Day Moving Average – Should You Sell?

WhiteHorse Finance, Inc. (NASDAQ:WHF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.07 and traded as high as $7.42. WhiteHorse Finance shares last traded at $7.11, with a volume of 187,393 shares traded.

Wall Street Analysts Forecast Growth

WHF has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, January 21st. Zacks Research upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteHorse Finance presently has a consensus rating of “Reduce” and an average target price of $7.75.

WhiteHorse Finance Stock Performance

The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $164.50 million, a price-to-earnings ratio of 11.94 and a beta of 0.41. The company has a 50 day moving average price of $6.87 and a two-hundred day moving average price of $7.07.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $17.34 million for the quarter, compared to analysts’ expectations of $16.91 million. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.66%. On average, research analysts forecast that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.5%. WhiteHorse Finance’s payout ratio is currently 161.29%.

Insider Activity

In other WhiteHorse Finance news, CEO Stuart D. Aronson bought 8,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was acquired at an average price of $6.95 per share, with a total value of $55,600.00. Following the completion of the acquisition, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Bolduc bought 8,392 shares of WhiteHorse Finance stock in a transaction dated Thursday, March 5th. The stock was acquired at an average price of $7.12 per share, with a total value of $59,751.04. Following the completion of the transaction, the director directly owned 267,894 shares of the company’s stock, valued at approximately $1,907,405.28. The trade was a 3.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 47,448 shares of company stock valued at $337,673. Insiders own 2.50% of the company’s stock.

Institutional Trading of WhiteHorse Finance

Several large investors have recently bought and sold shares of WHF. XTX Topco Ltd acquired a new stake in WhiteHorse Finance in the 4th quarter valued at about $207,000. Quadrature Capital Ltd acquired a new position in shares of WhiteHorse Finance during the 4th quarter worth approximately $339,000. CastleKnight Management LP purchased a new stake in shares of WhiteHorse Finance in the fourth quarter valued at approximately $2,033,000. Trexquant Investment LP purchased a new stake in shares of WhiteHorse Finance in the fourth quarter valued at approximately $108,000. Finally, Osaic Holdings Inc. increased its holdings in shares of WhiteHorse Finance by 43.7% in the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock valued at $130,000 after purchasing an additional 5,665 shares during the last quarter. Hedge funds and other institutional investors own 13.20% of the company’s stock.

About WhiteHorse Finance

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.