Short Interest in WhiteHorse Finance, Inc. (NASDAQ:WHF) Increases By 16.6%

WhiteHorse Finance, Inc. (NASDAQ:WHF) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 239,300 shares, an increase of 16.6% from the October 15th total of 205,200 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 77,700 shares, the days-to-cover ratio is presently 3.1 days.

WhiteHorse Finance Trading Up 0.9 %

Shares of WHF stock opened at $10.62 on Friday. The company has a market cap of $246.81 million, a PE ratio of 23.60 and a beta of 1.28. The stock’s 50 day simple moving average is $11.62 and its two-hundred day simple moving average is $12.11. WhiteHorse Finance has a 1 year low of $10.48 and a 1 year high of $13.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98.

WhiteHorse Finance Increases Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.385 per share. The ex-dividend date is Friday, December 20th. This is a boost from WhiteHorse Finance’s previous — dividend of $0.05. This represents a dividend yield of 13.9%. WhiteHorse Finance’s payout ratio is currently 342.23%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in shares of WhiteHorse Finance by 12.6% in the third quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock valued at $2,232,000 after purchasing an additional 21,616 shares during the period. International Assets Investment Management LLC boosted its stake in WhiteHorse Finance by 1,057.0% in the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 2,114 shares in the last quarter. Blue Trust Inc. grew its holdings in WhiteHorse Finance by 15.2% in the third quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock worth $466,000 after purchasing an additional 5,000 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of WhiteHorse Finance by 4.7% during the third quarter. Sound Income Strategies LLC now owns 895,062 shares of the investment management company’s stock worth $10,356,000 after purchasing an additional 39,839 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of WhiteHorse Finance during the 2nd quarter valued at $357,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th. StockNews.com lowered WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $14.00 to $12.00 in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a report on Monday, July 29th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, WhiteHorse Finance has an average rating of “Hold” and a consensus target price of $12.25.

WhiteHorse Finance Company Profile

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.