Short Interest Coverage: What Will Happen to Whitehorse Finance Incorporated (NASDAQ:WHF) Next? The Stock Has Increase in Shorts

November 21, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Coverage: What Will Happen to Whitehorse Finance Incorporated (NASDAQ:WHF) Next? The Stock Has Increase in Shorts

The stock of Whitehorse Finance Incorporated (NASDAQ:WHF) registered an increase of 35.92% in short interest. WHF’s total short interest was 14,000 shares in November as published by FINRA. Its up 35.92% from 10,300 shares, reported previously. With 44,100 shares average volume, it will take short sellers 0 days to cover their WHF’s short positions. About 4,375 shares traded hands. WhiteHorse Finance Inc (NASDAQ:WHF) has risen 12.62% since April 19, 2016 and is uptrending. It has outperformed by 8.76% the S&P500.

WhiteHorse Finance, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $208.72 million. The Firm is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. It has a 36.78 P/E ratio. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate and have a term of 3 to 6 years.

Insitutional Activity: The institutional sentiment increased to 0.88 in Q2 2016. Its up 0.24, from 0.64 in 2016Q1. The ratio is positive, as 6 funds sold all WhiteHorse Finance Inc shares owned while 5 reduced positions. 5 funds bought stakes while 2 increased positions. They now own 1.55 million shares or 3.01% less from 1.59 million shares in 2016Q1.
Tower Capital Ltd Liability Com (Trc) has 229 shares for 0% of their US portfolio. Citigroup Inc last reported 3,553 shares in the company. Advsrs Asset reported 908,674 shares or 0.16% of all its holdings. Deutsche Natl Bank Ag has 54,352 shares for 0% of their US portfolio. Nuveen Asset Limited Liability Company has 0% invested in the company for 34,351 shares. Muzinich And has invested 0.33% of its portfolio in WhiteHorse Finance Inc (NASDAQ:WHF). Us Bancorporation De last reported 1,500 shares in the company. Orinda Asset Management Limited Company last reported 63,098 shares in the company. Morgan Stanley holds 124,628 shares or 0% of its portfolio. Royal National Bank & Trust Of Canada holds 2,800 shares or 0% of its portfolio. Manufacturers Life Insur Com The has 0% invested in the company for 944 shares. Brown Brothers Harriman And Commerce last reported 750 shares in the company. Panagora Asset Mngmt Inc holds 0% of its portfolio in WhiteHorse Finance Inc (NASDAQ:WHF) for 305 shares. Buckhead Capital Mgmt Limited Liability Company accumulated 17,025 shares or 0.03% of the stock. Nantahala Mngmt Ltd Com has invested 0.07% of its portfolio in WhiteHorse Finance Inc (NASDAQ:WHF).

WhiteHorse Finance Inc (NASDAQ:WHF) Ratings Coverage

Out of 4 analysts covering Whitehorse Finance Inc (NASDAQ:WHF), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Whitehorse Finance Inc has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Citigroup on Wednesday, September 14. The firm has “Buy” rating given on Thursday, August 11 by Deutsche Bank. The firm has “Buy” rating given on Thursday, December 3 by Deutsche Bank. The firm earned “Neutral” rating on Tuesday, August 9 by Robert W. Baird. Wunderlich maintained it with “Buy” rating and $12.50 target price in Wednesday, March 9 report. As per Thursday, August 6, the company rating was upgraded by Robert W. Baird.

WHF Company Profile

WhiteHorse Finance, Inc., incorporated on December 28, 2011, is a non-diversified, closed-end management investment company. The Firm is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years. The Firm may also make investments at other levels of a company’s capital structure, including mezzanine loans or equity interests. The Firm also may receive warrants to purchase common stock in connection with its debt investments.

More recent WhiteHorse Finance Inc (NASDAQ:WHF) news were published by: Marketwatch.com which released: “WhiteHorse Finance downgraded to neutral from outperform at RW Baird” on February 07, 2012. Also Prnewswire.com published the news titled: “WhiteHorse Finance, Inc. Announces Record Date for Expected Non-Transferable …” on October 20, 2015. Businesswire.com‘s news article titled: “WhiteHorse Finance, Inc. Announces Amendment to Revolving Credit Facility” with publication date: August 14, 2014 was also an interesting one.

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By Clifton Ray

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