WhiteHorse Finance, Inc. (NASDAQ:WHF) Short Interest Update

WhiteHorse Finance, Inc. (NASDAQ:WHF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 338,100 shares, a growth of 57.0% from the February 28th total of 215,300 shares. Based on an average daily volume of 97,700 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.9% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating for the company in a report on Monday, March 10th.

Institutional Trading of WhiteHorse Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its position in WhiteHorse Finance by 2.3% in the 4th quarter. Tidal Investments LLC now owns 49,460 shares of the investment management company’s stock worth $479,000 after purchasing an additional 1,110 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in WhiteHorse Finance by 2.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company’s stock worth $589,000 after buying an additional 1,486 shares in the last quarter. LPL Financial LLC increased its stake in WhiteHorse Finance by 10.9% during the fourth quarter. LPL Financial LLC now owns 15,182 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 1,495 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in WhiteHorse Finance by 5.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,772 shares of the investment management company’s stock valued at $414,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of WhiteHorse Finance by 23.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company’s stock worth $188,000 after acquiring an additional 3,683 shares during the period. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Trading Down 0.1 %

Shares of WHF stock opened at $9.54 on Friday. WhiteHorse Finance has a 12 month low of $9.45 and a 12 month high of $13.44. The company has a market cap of $221.74 million, a PE ratio of 21.20 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $10.36 and its two-hundred day moving average is $10.73.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $21.01 million during the quarter, compared to analyst estimates of $22.43 million. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. During the same quarter in the previous year, the business posted $0.46 earnings per share. Equities analysts predict that WhiteHorse Finance will post 1.66 EPS for the current year.

WhiteHorse Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.385 per share. The ex-dividend date is Friday, March 21st. This represents a $1.54 annualized dividend and a yield of 16.14%. WhiteHorse Finance’s payout ratio is 327.66%.

About WhiteHorse Finance

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.