Raymond James Cuts WhiteHorse Finance (NASDAQ:WHF) Price Target to $15.00

WhiteHorse Finance (NASDAQ:WHFGet Rating) had its target price cut by Raymond James from $15.50 to $15.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the investment management company’s stock.

Several other research firms have also weighed in on WHF. JPMorgan Chase & Co. lowered shares of WhiteHorse Finance from a neutral rating to an underweight rating and set a $14.00 target price for the company. in a research note on Tuesday, September 6th. They noted that the move was a valuation call. StockNews.com started coverage on shares of WhiteHorse Finance in a report on Wednesday, October 12th. They set a hold rating for the company. LADENBURG THALM/SH SH reduced their price target on shares of WhiteHorse Finance to $14.00 in a report on Thursday, November 17th. Hovde Group reduced their price target on shares of WhiteHorse Finance to $13.00 in a report on Wednesday, October 5th. Finally, B. Riley started coverage on shares of WhiteHorse Finance in a report on Friday, October 14th. They set a buy rating and a $12.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $13.60.

WhiteHorse Finance Stock Down 0.2 %

WHF stock opened at $13.57 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.71. WhiteHorse Finance has a 1-year low of $10.57 and a 1-year high of $16.20. The firm has a fifty day moving average price of $12.35 and a two-hundred day moving average price of $13.36. The firm has a market cap of $315.37 million, a price-to-earnings ratio of 15.42 and a beta of 1.29.

WhiteHorse Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 10.46%. The ex-dividend date is Tuesday, December 20th. WhiteHorse Finance’s payout ratio is currently 161.37%.

Insider Buying and Selling

In related news, Director John Bolduc acquired 7,690 shares of WhiteHorse Finance stock in a transaction that occurred on Friday, November 18th. The stock was acquired at an average price of $13.00 per share, with a total value of $99,970.00. Following the completion of the acquisition, the director now directly owns 162,877 shares of the company’s stock, valued at approximately $2,117,401. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On WhiteHorse Finance

Several institutional investors have recently bought and sold shares of WHF. Capital Analysts LLC acquired a new stake in WhiteHorse Finance in the second quarter worth about $37,000. Great West Life Assurance Co. Can lifted its holdings in WhiteHorse Finance by 17.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock valued at $99,000 after acquiring an additional 937 shares during the last quarter. Ahrens Investment Partners LLC lifted its holdings in WhiteHorse Finance by 107.8% in the 3rd quarter. Ahrens Investment Partners LLC now owns 10,025 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 5,200 shares during the last quarter. Virtu Financial LLC acquired a new stake in WhiteHorse Finance in the 2nd quarter valued at about $140,000. Finally, Royal Bank of Canada lifted its holdings in WhiteHorse Finance by 10.1% in the 1st quarter. Royal Bank of Canada now owns 10,885 shares of the investment management company’s stock valued at $164,000 after acquiring an additional 998 shares during the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

About WhiteHorse Finance

(Get Rating)

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It prefers to invest in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.

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