WhiteHorse Finance (NASDAQ:WHF) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

WhiteHorse Finance, Inc. (NASDAQ:WHF)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.35 and traded as low as $6.15. WhiteHorse Finance shares last traded at $6.21, with a volume of 179,999 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WHF shares. Weiss Ratings reissued a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, January 21st. Zacks Research raised shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note 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. According to data from MarketBeat, WhiteHorse Finance has an average rating of “Reduce” and a consensus price target of $7.75.

WhiteHorse Finance Trading Down 2.7%

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.22. The company has a market cap of $144.32 million, a PE ratio of 14.44 and a beta of 0.56. The company has a fifty day simple moving average of $6.83 and a two-hundred day simple moving average of $7.35.

Insider Transactions at WhiteHorse Finance

In related news, CEO Stuart D. Aronson purchased 10,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was acquired at an average price of $6.90 per share, for a total transaction of $69,000.00. Following the acquisition, the chief executive officer directly owned 60,000 shares of the company’s stock, valued at $414,000. This trade represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Bolduc acquired 14,200 shares of WhiteHorse Finance stock in a transaction that occurred on Tuesday, December 23rd. The stock was bought at an average price of $7.00 per share, with a total value of $99,400.00. Following the purchase, the director directly owned 259,085 shares of the company’s stock, valued at approximately $1,813,595. This trade represents a 5.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 44,676 shares of company stock valued at $310,287 in the last ninety days. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WhiteHorse Finance

A number of hedge funds and other institutional investors have recently modified their holdings of WHF. Advisory Services Network LLC acquired a new stake in shares of WhiteHorse Finance in the 3rd quarter worth approximately $26,000. Kestra Advisory Services LLC acquired a new position in WhiteHorse Finance during the fourth quarter worth $44,000. HUB Investment Partners LLC purchased a new stake in WhiteHorse Finance during the third quarter worth $75,000. Norden Group LLC acquired a new stake in WhiteHorse Finance in the fourth quarter valued at $76,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in WhiteHorse Finance in the fourth quarter valued at $88,000. 13.20% of the stock is currently owned by institutional investors and hedge funds.

WhiteHorse Finance Company Profile

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.