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

WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) has received an average recommendation of “Hold” from the six market research firms currently covering the company, reports MarketBeat. One investment analyst has assigned a sell rating to the stock, one has assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price set by analysts covering the stock over the last year is $13.63.

Several research analysts have recently issued reports on WHF stock. B. Riley began reporting on WhiteHorse Finance in a research report on Friday, October 14. They provided a buy rating and a price target of $12.00 on the stock. JPMorgan Chase & Co. lowered WhiteHorse Finance to an “underweight” rating from a “neutral” rating and put a price target of $14.00 on the stock. in a research paper on Tuesday, September 6th. They determined that the move was an evaluation call. Hovde Group lowered its target price on WhiteHorse Finance to $13.00 in a research report on Wednesday, October 5th. Raymond James lowered his target price on WhiteHorse Finance to $15.50 from $16.00 and gave the stock a “Outperform” rating in a research report on Thursday, August 11. Finally, StockNews.com began coverage of WhiteHorse Finance in a report on Wednesday, October 12th. You give the stock a “hold” rating.

WhiteHorse Finance stock up 3.0%

NASDAQ WHF opened at $12.62 on Wednesday. The stock has a 50-day moving average of $12.99 and a 200-day moving average of $13.67. The stock has a market cap of $293.33 million, a P/E of 11.37 and a beta of 1.32. WhiteHorse Finance has a 52-week low of $10.57 and a 52-week high of $16.20. The company has a debt to equity ratio of 1.22, a quick ratio of 0.98 and a current ratio of 0.98.

WhiteHorse Finance (NASDAQ:WHF – Get Rating) last posted its earnings results on Wednesday, August 10th. The investment manager reported $0.34 per share for the quarter, missing the consensus estimate of $0.35 ($0.01). WhiteHorse Finance had a net margin of 31.76% and a return on equity of 9.06%. The company had revenue of $20.00 million for the quarter compared to analyst estimates of $20.78 million. On average, equity analysts are forecasting that WhiteHorse Finance will report 1.46 EPS for the year to date.

WhiteHorse Finance lowers dividend

The company also recently announced a — dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, October 31 will receive a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday October 28th. This corresponds to a yield of 11.8%. WhiteHorse Finance’s payout ratio is currently 127.93%.

Institutional Trading by WhiteHorse Finance

Hedge funds and other institutional investors recently changed their holdings in the company. Sound Income Strategies LLC increased its stake in WhiteHorse Finance by 10.8% during the second quarter. Sound Income Strategies LLC now owns 341,942 shares of the investment management company valued at $4,493,000 after purchasing an additional 33,278 shares during the period. Capital Financial Services LLC acquired a new interest in WhiteHorse Finance stock valued at approximately $349,000 during the first quarter. AE Wealth Management LLC acquired a new interest in WhiteHorse Finance stock valued at approximately $158,000 during the first quarter. Great West Life Assurance Co. Can increased its position in shares of WhiteHorse Finance by 17.9% in the first quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company, valued at $99,000, after purchasing an additional 937 shares last quarter. Finally, Raymond James & Associates increased its position in shares of WhiteHorse Finance by 2.6% in the third quarter. Raymond James & Associates now owns 125,774 shares of the investment management company, valued at $1,396,000, after purchasing an additional 3,146 shares last quarter. Institutional investors and hedge funds own 12.16% of the company’s shares.

Company profile of WhiteHorse Finance

(get rating)

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

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