WhiteHorse Finance Inc (NASDAQ:WHF)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $14.08. WhiteHorse Finance shares last traded at $14.07, with a volume of 16,286 shares trading hands.
WHF has been the topic of several research reports. Raymond James set a C$80.00 price objective on shares of West Fraser Timber and gave the company a “strong-buy” rating in a report on Tuesday, June 18th. BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. WhiteHorse Finance presently has an average rating of “Hold” and a consensus price target of $14.63.
The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $14.13. The company has a market cap of $289.29 million, a PE ratio of 9.39 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Thursday, June 20th were paid a $0.355 dividend. The ex-dividend date of this dividend was Wednesday, June 19th. This represents a $1.42 annualized dividend and a dividend yield of 10.08%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 94.67%.
In other WhiteHorse Finance news, Director Kevin Francis Burke purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $42,000.00. Following the completion of the purchase, the director now owns 7,530 shares of the company’s stock, valued at approximately $105,420. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Anthony Tamer sold 229,328 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $14.00, for a total transaction of $3,210,592.00. Following the completion of the transaction, the insider now owns 6,026 shares in the company, valued at $84,364. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its position in WhiteHorse Finance by 164.4% during the fourth quarter. Citigroup Inc. now owns 4,760 shares of the investment management company’s stock worth $61,000 after purchasing an additional 2,960 shares during the period. Advisor Group Inc. lifted its position in WhiteHorse Finance by 588.5% during the fourth quarter. Advisor Group Inc. now owns 13,164 shares of the investment management company’s stock worth $167,000 after purchasing an additional 11,252 shares during the period. Mid Atlantic Financial Management Inc. ADV lifted its position in WhiteHorse Finance by 13.3% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 16,195 shares of the investment management company’s stock worth $230,000 after purchasing an additional 1,907 shares during the period. Acadian Asset Management LLC bought a new stake in WhiteHorse Finance during the first quarter worth about $409,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in WhiteHorse Finance by 97.4% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,045 shares of the investment management company’s stock worth $881,000 after purchasing an additional 30,609 shares during the period. Institutional investors and hedge funds own 11.40% of the company’s stock.
About WhiteHorse Finance (NASDAQ:WHF)
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
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