WhiteHorse Finance, Inc. (NASDAQ:WHF) Sees Large Increase in Short Interest

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 222,400 shares, an increase of 25.0% from the March 15th total of 177,900 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 79,200 shares, the short-interest ratio is presently 2.8 days.

Several institutional investors have recently added to or reduced their stakes in WHF. Powell Investment Advisors LLC lifted its holdings in WhiteHorse Finance by 6.3% during the 4th quarter. Powell Investment Advisors LLC now owns 11,060 shares of the investment management company’s stock valued at $179,000 after buying an additional 660 shares in the last quarter. Cetera Advisors LLC grew its position in shares of WhiteHorse Finance by 5.3% in the 3rd quarter. Cetera Advisors LLC now owns 16,125 shares of the investment management company’s stock worth $245,000 after buying an additional 805 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of WhiteHorse Finance by 37.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,706 shares of the investment management company’s stock worth $58,000 after buying an additional 1,000 shares during the last quarter. Avantax Advisory Services Inc. grew its position in WhiteHorse Finance by 11.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,741 shares of the investment management company’s stock worth $244,000 after purchasing an additional 1,666 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of WhiteHorse Finance by 7.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 26,113 shares of the investment management company’s stock valued at $397,000 after acquiring an additional 1,794 shares during the last quarter. Hedge funds and other institutional investors own 10.30% of the company’s stock.

Shares of NASDAQ:WHF opened at $15.38 on Tuesday. The firm has a fifty day simple moving average of $15.16 and a two-hundred day simple moving average of $15.33. The stock has a market capitalization of $356.74 million, a P/E ratio of 10.61 and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.36. WhiteHorse Finance has a 52 week low of $14.60 and a 52 week high of $16.23.

WhiteHorse Finance (NASDAQ:WHFGet Rating) last released its earnings results on Thursday, March 3rd. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.04). The firm had revenue of $18.50 million during the quarter, compared to the consensus estimate of $18.85 million. WhiteHorse Finance had a return on equity of 9.17% and a net margin of 41.63%. During the same quarter last year, the business posted $0.34 EPS. On average, analysts expect that WhiteHorse Finance will post 1.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Friday, March 25th were issued a $0.355 dividend. The ex-dividend date of this dividend was Thursday, March 24th. This represents a $1.42 annualized dividend and a dividend yield of 9.23%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 97.93%.

WHF has been the topic of several recent research reports. Raymond James decreased their price target on shares of WhiteHorse Finance from $16.50 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, March 4th. B. Riley restated a “neutral” rating on shares of WhiteHorse Finance in a research report on Wednesday, March 2nd. TheStreet cut shares of WhiteHorse Finance from a “b-” rating to a “c” rating in a research note on Wednesday, April 13th. StockNews.com cut shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Thursday, April 7th. Finally, Zacks Investment Research cut shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Saturday, March 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, WhiteHorse Finance has an average rating of “Hold” and a consensus price target of $16.00.

WhiteHorse Finance Company Profile (Get Rating)

WhiteHorse Finance, LLC is a non-diversified, closed-end management investment business development company specializing in originating senior secured loans to privately held small-cap companies across a broad range of industries. It invests in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.

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