WhiteHorse Finance Inc (NASDAQ:WHF) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.07 and traded as low as $12.96. WhiteHorse Finance shares last traded at $13.02, with a volume of 803 shares trading hands.

Several analysts have commented on WHF shares. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. CIBC restated a “market perform” rating on shares of WhiteHorse Finance in a research note on Thursday, August 8th. Raymond James initiated coverage on WhiteHorse Finance in a research note on Tuesday, June 18th. They issued an “outperform” rating and a $16.00 price target on the stock. Oppenheimer downgraded WhiteHorse Finance from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Finally, BidaskClub downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.63.

The stock has a market capitalization of $269.15 million, a PE ratio of 8.68 and a beta of 0.60. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $13.76 and a 200-day moving average price of $14.07.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. The firm had revenue of $15.98 million for the quarter, compared to the consensus estimate of $16.08 million. WhiteHorse Finance had a return on equity of 9.62% and a net margin of 62.01%. Research analysts forecast that WhiteHorse Finance Inc will post 1.44 earnings per share for the current year.

In related news, major shareholder Anthony Tamer sold 229,328 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $14.00, for a total value of $3,210,592.00. Following the transaction, the insider now directly owns 6,026 shares of the company’s stock, valued at approximately $84,364. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kevin Francis Burke bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average cost of $14.00 per share, for a total transaction of $42,000.00. Following the completion of the acquisition, the director now owns 7,530 shares in the company, valued at approximately $105,420. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently bought and sold shares of WHF. Sound Income Strategies LLC purchased a new position in shares of WhiteHorse Finance during the second quarter valued at about $69,000. Citadel Advisors LLC purchased a new position in WhiteHorse Finance in the second quarter worth about $166,000. PVG Asset Management Corp purchased a new position in WhiteHorse Finance in the second quarter worth about $178,000. Rational Advisors LLC purchased a new position in WhiteHorse Finance in the second quarter worth about $179,000. Finally, Eagle Global Advisors LLC purchased a new position in WhiteHorse Finance in the second quarter worth about $182,000. 13.54% of the stock is currently owned by institutional investors and hedge funds.

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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