Recent market data suggests Blackhorse Finance could sustain its upward trajectory as its net interest margin expanded to 3.4%, outpacing industry peers. This operational efficiency, coupled with steady asset quality metrics, makes it a watchlist candidate for traders seeking mid-cap financial sector exposure. The update comes after Close Brothers, a major seller of motor finance, said it was selling its asset management business to a private equity firm for £200 million to help strengthen its finances amid the probe. In January 2024, the FCA announced a review into whether motor finance customers had been overcharged because of past use of DCAs. It is using its powers to review historical motor finance commission arrangements across multiple firms - all of whom deny acting inappropriately. Institutional buying in Blackhorse Finance has increased, with hedge fund positions climbing 5% in the past quarter, signaling confidence in management’s 2024 growth strategy. This trend could create a price floor near current levels, according to market sentiment indexes.
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