WhiteHorse Finance, Inc. (NASDAQ:WHF) Short Interest Up 16.6% in October

WhiteHorse Finance, Inc. (NASDAQ:WHF) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 239,300 shares, a growth of 16.6% from the October 15th total of 205,200 shares. Based on an average trading volume of 77,700 shares, the short-interest ratio is currently 3.1 days. Approximately 1.3% of the company’s shares are sold short.

Institutional Investors Weigh In On WhiteHorse Finance

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew 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 worth $27,000 after purchasing an additional 2,114 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of WhiteHorse Finance during the 1st quarter valued at approximately $39,000. CANADA LIFE ASSURANCE Co lifted its stake in WhiteHorse Finance by 19.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock worth $227,000 after purchasing an additional 3,013 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in WhiteHorse Finance by 48.6% in the second quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock worth $270,000 after purchasing an additional 7,195 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in WhiteHorse Finance during the second quarter valued at $357,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

WhiteHorse Finance Trading Up 0.9 %

NASDAQ WHF opened at $10.62 on Friday. The company’s fifty day simple moving average is $11.65 and its 200-day simple moving average is $12.13. The stock has a market cap of $246.81 million, a P/E ratio of 23.60 and a beta of 1.28. WhiteHorse Finance has a 52 week low of $10.48 and a 52 week high of $13.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19.

WhiteHorse Finance Increases Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.385 per share. This represents a dividend yield of 13.9%. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date of this dividend is Friday, December 20th. WhiteHorse Finance’s payout ratio is presently 342.23%.

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.