WhiteHorse Finance, Inc. (NASDAQ:WHF) Sees Significant Increase in Short Interest

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

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF opened at $12.90 on Friday. The company has a 50-day moving average price of $12.53 and a two-hundred day moving average price of $12.47. The firm has a market capitalization of $299.80 million, a PE ratio of 14.66 and a beta of 1.28. WhiteHorse Finance has a twelve month low of $11.13 and a twelve month high of $13.69. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.22.

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

WhiteHorse Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 22nd were given a $0.385 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 11.94%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 175.00%.

Wall Street Analysts Forecast Growth

WHF has been the subject of several research analyst reports. StockNews.com lowered WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Friday, March 1st. Finally, B. Riley cut shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price target on the stock. in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.81.

Institutional Investors Weigh In On WhiteHorse Finance

Several large investors have recently added to or reduced their stakes in WHF. Cambridge Investment Research Advisors Inc. raised its holdings in shares of WhiteHorse Finance by 5.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock valued at $317,000 after acquiring an additional 1,270 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of WhiteHorse Finance by 1,130.0% in the fourth 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 last quarter. Avantax Advisory Services Inc. raised its stake in WhiteHorse Finance by 13.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 21,198 shares of the investment management company’s stock valued at $261,000 after purchasing an additional 2,458 shares in the last quarter. Toroso Investments LLC lifted its position in WhiteHorse Finance by 6.4% during the third quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock valued at $774,000 after purchasing an additional 3,668 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in WhiteHorse Finance during the fourth quarter valued at approximately $89,000. Institutional investors own 13.20% of the company’s stock.

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.