WhiteHorse Finance (NASDAQ:WHF – Get Free Report) had its price target lifted by research analysts at JPMorgan Chase & Co. from $6.50 to $7.50 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 5.78% from the stock’s current price.
WHF has been the subject of several other reports. Raymond James Financial upgraded shares of WhiteHorse Finance from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research note on Thursday, October 22nd. B. Riley Financial increased their price objective on WhiteHorse Finance from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.17.
Get Our Latest Analysis on WhiteHorse Finance
WhiteHorse Finance Trading Down 1.7%
WhiteHorse Finance stock traded down $0.14 during trading hours on Tuesday, hitting $7.96. The company had a trading volume of 43,848 shares, compared to its average volume of 96,428. The firm has a market cap of $170.98 million, a P/E ratio of 10.07 and a beta of 0.37. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 1.39. WhiteHorse Finance has a 1 year low of $6.07 and a 1 year high of $8.53. The company has a 50-day moving average price of $7.42 and a two-hundred day moving average price of $7.04.
WhiteHorse Finance (NASDAQ:WHF – Get Free Report) last posted its earnings results on Monday, August 10th. The investment management company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The business had revenue of $14.37 million for the quarter, compared to analysts’ expectations of $15.66 million. WhiteHorse Finance had a net margin of 26.88% and a return on equity of 8.94%. On average, sell-side analysts anticipate that WhiteHorse Finance will post 0.97 earnings per share for the current year.
Institutional Investors Weigh In On WhiteHorse Finance
Several large investors have recently bought and sold shares of the company. Covestor Ltd purchased a new position in WhiteHorse Finance in the 3rd quarter valued at $28,000. NewEdge Wealth LLC acquired a new stake in WhiteHorse Finance during the 2nd quarter worth $117,000. Ritholtz Wealth Management purchased a new stake in shares of WhiteHorse Finance during the third quarter worth $123,000. Arlington Capital Management INC purchased a new stake in shares of WhiteHorse Finance during the third quarter worth $185,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of WhiteHorse Finance during the second quarter worth $294,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about WhiteHorse Finance
Here are the key news stories impacting WhiteHorse Finance this week:
- Positive Sentiment: WhiteHorse declared a quarterly dividend of $0.25 per share, payable January 6 to shareholders of record December 21. That maintains a $1.00 annualized payout, equivalent to a reported yield of about 12.3%. WhiteHorse Q3 results and dividend announcement
- Neutral Sentiment: Management expects the sale of its Chase investment in the next two to four months, while a special committee review continues. A completed sale could provide clarity or liquidity, but its outcome and timing remain uncertain. Report on expected Chase sale and committee review
- Negative Sentiment: Third-quarter results missed expectations: EPS was $0.22 versus analyst estimates of roughly $0.24–$0.25, while revenue of $14.83 million was below the cited $15.19 million consensus. EPS also declined from $0.26 a year earlier, a potential source of pressure on the stock. Zacks report on Q3 earnings and revenue
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a business development company that provides financing to privately owned, middle-market businesses in the United States. The company primarily invests in senior secured loans, including first-lien and unitranche loans, and may also provide second-lien and subordinated debt financing.
In addition to debt investments, WhiteHorse Finance may make equity investments and co-investments alongside its lending activities. Its portfolio generally supports acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes for middle-market companies across a range of industries.
WhiteHorse Finance was formed in 2012 and operates as a regulated business development company under the Investment Company Act of 1940.
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