WhiteHorse Finance, Inc. (NASDAQ:WHF) Short Interest Up 82.7% in January

WhiteHorse Finance, Inc. (NASDAQ:WHF) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 472,310 shares, a growth of 82.7% from the January 15th total of 258,507 shares. Based on an average daily volume of 122,880 shares, the short-interest ratio is presently 3.8 days. Currently, 2.1% of the company’s stock are sold short. Currently, 2.1% of the company’s stock are sold short. Based on an average daily volume of 122,880 shares, the short-interest ratio is presently 3.8 days.

WhiteHorse Finance Trading Down 1.8%

Shares of WhiteHorse Finance stock opened at $6.58 on Friday. The company has a market capitalization of $152.92 million, a P/E ratio of 15.30 and a beta of 0.56. The stock has a fifty day simple moving average of $6.99 and a 200 day simple moving average of $7.48. WhiteHorse Finance has a 12-month low of $6.39 and a 12-month high of $11.31. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.22.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Monday, November 10th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). WhiteHorse Finance had a return on equity of 9.93% and a net margin of 12.91%.The firm had revenue of $17.69 million for the quarter, compared to analysts’ expectations of $18.43 million. On average, sell-side analysts anticipate that WhiteHorse Finance will post 1.66 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Joyson Thomas acquired 4,502 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were bought at an average price of $7.01 per share, with a total value of $31,559.02. Following the transaction, the chief financial officer directly owned 22,001 shares of the company’s stock, valued at $154,227.01. This trade represents a 25.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Bolduc bought 14,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was purchased at an average cost of $7.00 per share, with a total value of $99,400.00. Following the completion of the transaction, the director directly owned 259,085 shares in the company, valued at $1,813,595. This represents a 5.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 44,676 shares of company stock worth $310,287. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On WhiteHorse Finance

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in WhiteHorse Finance during the third quarter worth $26,000. HUB Investment Partners LLC bought a new position in WhiteHorse Finance in the 3rd quarter valued at $75,000. Norden Group LLC purchased a new stake in shares of WhiteHorse Finance during the 4th quarter valued at $76,000. Oxford Asset Management LLP bought a new stake in shares of WhiteHorse Finance during the 2nd quarter worth $105,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of WhiteHorse Finance during the 4th quarter worth $88,000. 13.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WHF shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, January 21st. Zacks Research upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $7.75.

WhiteHorse Finance Company Profile

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.