WhiteHorse Finance, Inc. (NASDAQ:WHF) Short Interest Up 82.7% in January

WhiteHorse Finance, Inc. (NASDAQ:WHF) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 472,310 shares, a growth of 82.7% from the January 15th total of 258,507 shares. Based on an average daily trading volume, of 122,880 shares, the short-interest ratio is currently 3.8 days. Currently, 2.1% of the shares of the stock are short sold. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 122,880 shares, the short-interest ratio is currently 3.8 days.

Insider Transactions at WhiteHorse Finance

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

Institutional Investors Weigh In On WhiteHorse Finance

Large investors have recently added to or reduced their stakes in the business. Ethos Financial Group LLC lifted its stake in WhiteHorse Finance by 2.8% in the second quarter. Ethos Financial Group LLC now owns 205,673 shares of the investment management company’s stock valued at $1,793,000 after buying an additional 5,616 shares during the period. Legal & General Group Plc grew its position in shares of WhiteHorse Finance by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company’s stock worth $1,368,000 after buying an additional 6,560 shares during the period. Marshall Wace LLP bought a new stake in shares of WhiteHorse Finance in the 2nd quarter valued at $368,000. Bank of America Corp DE lifted its position in shares of WhiteHorse Finance by 92.0% during the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock valued at $1,613,000 after acquiring an additional 88,659 shares during the period. Finally, Oxford Asset Management LLP bought a new position in WhiteHorse Finance during the second quarter worth $105,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

Analyst Upgrades and Downgrades

WHF has been the topic of several research reports. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, WhiteHorse Finance currently has an average rating of “Reduce” and an average price target of $7.75.

WhiteHorse Finance Trading Down 1.8%

WHF opened at $6.58 on Friday. WhiteHorse Finance has a twelve month low of $6.39 and a twelve month high of $11.31. The company has a fifty day moving average of $6.99 and a 200-day moving average of $7.48. The stock has a market cap of $152.92 million, a PE ratio of 15.30 and a beta of 0.56. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.22.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Monday, November 10th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). WhiteHorse Finance had a net margin of 12.91% and a return on equity of 9.93%. The firm had revenue of $17.69 million for the quarter, compared to the consensus estimate of $18.43 million. On average, sell-side analysts predict that WhiteHorse Finance will post 1.66 EPS for the current year.

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.