WhiteHorse Finance Inc (WHF) Can’t Be More Risky. The Stock Formed a Bearish Ascending Triangle Chart Pattern

June 20, 2017 - By Michael Collier

Investors sentiment increased to 2.5 in 2016 Q4. Its up 1.62, from 0.88 in 2016Q3. It improved, as 2 investors sold WhiteHorse Finance Inc shares while 2 reduced holdings. 6 funds opened positions while 4 raised stakes. 1.59 million shares or 2.72% more from 1.54 million shares in 2016Q3 were reported.
Manufacturers Life Insur Co The reported 0% in WhiteHorse Finance Inc (NASDAQ:WHF). Panagora Asset Incorporated has 305 shares. Raymond James And Assoc has 0% invested in WhiteHorse Finance Inc (NASDAQ:WHF) for 50,256 shares. Gam Holdings Ag has invested 0% in WhiteHorse Finance Inc (NASDAQ:WHF). Kcg holds 10,696 shares. Millennium Management Limited Liability Com reported 0% stake. Citigroup holds 0% of its portfolio in WhiteHorse Finance Inc (NASDAQ:WHF) for 2,831 shares. Buckhead Cap Management Limited Liability Corporation holds 17,025 shares. 393,691 were reported by Ares Mngmt Ltd Liability Corp. Royal State Bank Of Canada reported 0% in WhiteHorse Finance Inc (NASDAQ:WHF). 152,178 were reported by Morgan Stanley. Baystate Wealth Management Ltd Co accumulated 1,500 shares or 0% of the stock. Deutsche State Bank Ag invested in 1,129 shares. Nuveen Asset Ltd Liability owns 34,351 shares for 0% of their portfolio. Us Natl Bank De reported 1,500 shares.

The stock of WhiteHorse Finance Inc (WHF) formed an ascending triangle with $12.92 target or 8.00 % below today’s $14.04 share price. The 6 months triangle pattern indicates high risk for the $255.76M company. If the $12.92 price target is reached, the company will be worth $20.46M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 2.16% or $0.31 on June 19, reaching $14.04. About shares traded. WhiteHorse Finance Inc (NASDAQ:WHF) has risen 42.42% since June 20, 2016 and is uptrending. It has outperformed by 25.72% the S&P500.

WhiteHorse Finance Inc (NASDAQ:WHF) Ratings Coverage

Among 4 analysts covering Whitehorse Finance Inc (NASDAQ:WHF), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Whitehorse Finance Inc had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of WhiteHorse Finance Inc (NASDAQ:WHF) earned “Buy” rating by Wunderlich on Wednesday, March 9. The stock has “Neutral” rating by Robert W. Baird on Tuesday, August 9. Robert W. Baird upgraded WhiteHorse Finance Inc (NASDAQ:WHF) on Thursday, August 6 to “Outperform” rating. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 11 report. On Thursday, December 3 the stock rating was maintained by Deutsche Bank with “Buy”. Citigroup maintained the shares of WHF in report on Wednesday, September 14 with “Buy” rating.

More notable recent WhiteHorse Finance Inc (NASDAQ:WHF) news were published by: Prnewswire.com which released: “WhiteHorse Finance, Inc. Announces Record Date for Expected Non-Transferable …” on October 20, 2015, also Nasdaq.com with their article: “WhiteHorse Finance, Inc. (WHF) Ex-Dividend Date Scheduled for June 15, 2017” published on June 14, 2017, Marketwatch.com published: “14.35” on February 07, 2012. More interesting news about WhiteHorse Finance Inc (NASDAQ:WHF) were released by: Nasdaq.com and their article: “WhiteHorse Finance, Inc. (WHF) Ex-Dividend Date Scheduled for March 23, 2017” published on March 22, 2017 as well as Seekingalpha.com‘s news article titled: “WhiteHorse Finance’s (WHF) CEO Stuart Aronson on Q1 2017 Results – Earnings …” with publication date: May 06, 2017.

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