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

WhiteHorse Finance, Inc. (NASDAQ:WHF) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 372,800 shares, an increase of 188.3% from the March 31st total of 129,300 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 75,300 shares, the days-to-cover ratio is currently 5.0 days.

Institutional Trading of WhiteHorse Finance

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of WhiteHorse Finance by 1,130.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company’s stock worth $30,000 after purchasing an additional 2,260 shares during the period. Cape Investment Advisory Inc. purchased a new position in shares of WhiteHorse Finance during the 4th quarter worth $89,000. NewEdge Wealth LLC purchased a new position in shares of WhiteHorse Finance during the 3rd quarter worth $145,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of WhiteHorse Finance during the 4th quarter worth $168,000. Finally, Acadian Asset Management LLC purchased a new position in shares of WhiteHorse Finance during the 3rd quarter worth $248,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

WhiteHorse Finance Stock Down 1.4 %

Shares of WHF opened at $12.82 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50 day moving average price of $12.52 and a 200 day moving average price of $12.47. The stock has a market capitalization of $297.94 million, a price-to-earnings ratio of 14.57 and a beta of 1.28. WhiteHorse Finance has a one year low of $11.13 and a one year high of $13.69.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. Equities research analysts forecast that WhiteHorse Finance will post 1.81 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 22nd were issued a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 12.01%. The ex-dividend date was Thursday, March 21st. WhiteHorse Finance’s payout ratio is currently 175.00%.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research report on Friday, March 1st. B. Riley cut WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price target for the company. in a research report on Monday, January 8th. Finally, StockNews.com cut WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, WhiteHorse Finance presently has a consensus rating of “Hold” and an average target price of $12.81.

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.