WhiteHorse Finance, Inc. (NASDAQ:WHF) Short Interest Update

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 183,800 shares, a decline of 16.4% from the April 15th total of 219,800 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 76,600 shares, the days-to-cover ratio is currently 2.4 days.

WHF stock opened at $13.88 on Tuesday. The company has a market cap of $321.95 million, a P/E ratio of 10.68 and a beta of 1.29. WhiteHorse Finance has a 52 week low of $13.30 and a 52 week high of $16.23. The company’s 50-day moving average price is $14.93 and its 200 day moving average price is $15.20. The company has a current ratio of 1.98, a quick ratio of 1.40 and a debt-to-equity ratio of 1.35.

WhiteHorse Finance (NASDAQ:WHFGet Rating) last released its quarterly earnings data on Thursday, March 3rd. The investment management company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $18.85 million. WhiteHorse Finance had a return on equity of 9.01% and a net margin of 37.16%. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities research analysts expect that WhiteHorse Finance will post 1.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Monday, June 20th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date of this dividend is Thursday, June 16th. WhiteHorse Finance’s dividend payout ratio is currently 109.23%.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in WhiteHorse Finance during the second quarter worth about $486,000. Raymond James & Associates raised its position in WhiteHorse Finance by 35.2% during the third quarter. Raymond James & Associates now owns 67,904 shares of the investment management company’s stock worth $1,033,000 after acquiring an additional 17,688 shares during the last quarter. BlackRock Inc. raised its position in WhiteHorse Finance by 19.6% during the third quarter. BlackRock Inc. now owns 111,736 shares of the investment management company’s stock worth $1,701,000 after acquiring an additional 18,328 shares during the last quarter. Citadel Advisors LLC raised its position in WhiteHorse Finance by 17.4% during the third quarter. Citadel Advisors LLC now owns 20,797 shares of the investment management company’s stock worth $316,000 after acquiring an additional 3,076 shares during the last quarter. Finally, Toroso Investments LLC acquired a new position in WhiteHorse Finance during the third quarter worth about $327,000. 13.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on WHF shares. TheStreet lowered shares of WhiteHorse Finance from a “b-” rating to a “c” rating in a research note on Wednesday, April 13th. B. Riley reaffirmed a “neutral” rating on shares of WhiteHorse Finance in a report on Wednesday, March 2nd. StockNews.com downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Thursday, April 7th. Zacks Investment Research downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, Raymond James lowered their target price on shares of WhiteHorse Finance from $16.50 to $16.00 and set an “outperform” rating on the stock in a report on Friday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, WhiteHorse Finance presently has an average rating of “Hold” and a consensus price target of $15.75.

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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