WhiteHorse Finance (NASDAQ:WHF) Stock Crosses Below 200-Day Moving Average – Here’s Why

WhiteHorse Finance, Inc. (NASDAQ:WHF) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.01 and traded as low as $10.57. WhiteHorse Finance shares last traded at $10.69, with a volume of 65,506 shares trading hands.

Wall Street Analyst Weigh In

WHF has been the topic of several research analyst reports. Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $14.00 to $12.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of WhiteHorse Finance from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Raymond James reiterated a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th.

WhiteHorse Finance Trading Down 0.4 %

The business’s 50 day moving average price is $10.18 and its two-hundred day moving average price is $10.99. 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 company has a market capitalization of $250.79 million, a price-to-earnings ratio of 23.98 and a beta of 1.25.

Institutional Investors Weigh In On WhiteHorse Finance

A number of hedge funds have recently made changes to their positions in WHF. Tidal Investments LLC boosted its position in WhiteHorse Finance by 2.3% during the 4th quarter. Tidal Investments LLC now owns 49,460 shares of the investment management company’s stock worth $479,000 after buying an additional 1,110 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of WhiteHorse Finance by 2.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company’s stock valued at $589,000 after acquiring an additional 1,486 shares in the last quarter. LPL Financial LLC increased its stake in WhiteHorse Finance by 10.9% during the 4th quarter. LPL Financial LLC now owns 15,182 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 1,495 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in WhiteHorse Finance by 1,057.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after acquiring an additional 2,114 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in WhiteHorse Finance by 5.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,772 shares of the investment management company’s stock worth $414,000 after acquiring an additional 2,273 shares during the last quarter. 13.20% of the stock is currently owned by institutional investors and hedge funds.

WhiteHorse Finance Company Profile

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.