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Keeping an Eye on WhiteHorse Finance Inc (WHF) After Insider Trading Activity

WhiteHorse Finance Inc’s recent filing unveils that its Director BOLDUC JOHN acquired Company’s shares for reported $0.15 million on Aug 12 ’24. In the deal valued at $11.48 per share,12,673 shares were bought. As a result of this transaction, BOLDUC JOHN now holds 224,326 shares worth roughly $2.17 million.

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Then, BOLDUC JOHN bought 4,717 shares, generating $54,246 in total proceeds. Upon buying the shares at $11.50, the Director now owns 226,705 shares.

Before that, MNAYMNEH SAMI sold 1,000,000 shares. WhiteHorse Finance Inc shares valued at $12,150,000 were divested by the 10% Owner at a price of $12.15 per share. As a result of the transaction, MNAYMNEH SAMI now holds 3,976,258 shares, worth roughly $38.49 million.

Oppenheimer downgraded its WhiteHorse Finance Inc [WHF] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Mkt perform”. B. Riley Securities also remained covering WHF and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Ladenburg Thalmann revised its rating on August 09, 2023. It rated WHF as “a Neutral” which previously was an “a Buy”.

Price Performance Review of WHF

On Tuesday, WhiteHorse Finance Inc [NASDAQ:WHF] saw its stock jump 1.47% to $9.68. Over the last five days, the stock has gained 1.57%. WhiteHorse Finance Inc shares have fallen nearly -19.67% since the year began. Nevertheless, the stocks have fallen -19.67% over the past one year. While a 52-week high of $13.17 was reached on 05/28/24, a 52-week low of $9.45 was recorded on 12/24/24. SMA at 50 days reached $10.81, while 200 days put it at $11.90.

Levels Of Support And Resistance For WHF Stock

The 24-hour chart illustrates a support level at 9.57, which if violated will result in even more drops to 9.46. On the upside, there is a resistance level at 9.77. A further resistance level may holdings at 9.86. The Relative Strength Index (RSI) on the 14-day chart is 31.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.58%. Stochastics %K at 14.73% indicates the stock is a buying.

How much short interest is there in WhiteHorse Finance Inc?

A steep rise in short interest was recorded in WhiteHorse Finance Inc stocks on 2024-12-13, growing by 42043.0 shares to a total of 0.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.2 million shares. There was a rise of 17.11%, which implies that there is a positive sentiment for the stock.

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