WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives Average Rating of “Hold” from Brokerages

WhiteHorse Finance, Inc. (NASDAQ:WHF) has been assigned an average rating of “Hold” from the four research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $12.81.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Friday, March 1st. StockNews.com upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Friday. Finally, B. Riley downgraded WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 target price on the stock. in a research report on Monday, January 8th.

WhiteHorse Finance Stock Performance

NASDAQ WHF opened at $12.79 on Friday. The stock has a market capitalization of $297.24 million, a price-to-earnings ratio of 14.53 and a beta of 1.25. The stock has a 50-day moving average of $12.55 and a 200 day moving average of $12.48. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22. WhiteHorse Finance has a twelve month low of $11.13 and a twelve month high of $13.69.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The firm had revenue of $25.63 million for the quarter, compared to analyst estimates of $25.33 million. Sell-side analysts anticipate that WhiteHorse Finance will post 1.81 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 22nd were issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 12.04%. The ex-dividend date of this dividend was Thursday, March 21st. WhiteHorse Finance’s dividend payout ratio is currently 175.00%.

Hedge Funds Weigh In On WhiteHorse Finance

A number of institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in WhiteHorse Finance by 7.8% during the first quarter. Sound Income Strategies LLC now owns 812,395 shares of the investment management company’s stock worth $10,074,000 after purchasing an additional 58,463 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of WhiteHorse Finance by 8.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock worth $3,581,000 after buying an additional 20,882 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of WhiteHorse Finance by 32.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,434 shares of the investment management company’s stock valued at $989,000 after buying an additional 18,885 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in WhiteHorse Finance by 16.1% in the third quarter. Atria Wealth Solutions Inc. now owns 75,255 shares of the investment management company’s stock valued at $988,000 after acquiring an additional 10,422 shares during the last quarter. Finally, Quadrature Capital Ltd grew its position in WhiteHorse Finance by 121.4% in the fourth quarter. Quadrature Capital Ltd now owns 62,643 shares of the investment management company’s stock worth $772,000 after acquiring an additional 34,353 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

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 invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.