WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives $12.81 Average PT from Brokerages

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

Several equities analysts recently weighed in on the company. StockNews.com downgraded WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. B. Riley downgraded WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price objective for the company. in a research note on Monday, January 8th. Finally, JPMorgan Chase & Co. dropped their price objective on WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Friday, March 1st.

WhiteHorse Finance Trading Down 0.7 %

WHF opened at $12.88 on Friday. The business’s 50-day simple moving average is $12.54 and its 200-day simple moving average is $12.48. The company has a market cap of $299.33 million, a P/E ratio of 14.64 and a beta of 1.28. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.36 and a current ratio of 1.36. WhiteHorse Finance has a one year low of $11.13 and a one year high of $13.69.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The company had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. As a group, equities research analysts expect that WhiteHorse Finance will post 1.81 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 22nd were paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date of this dividend was Thursday, March 21st. WhiteHorse Finance’s dividend payout ratio is presently 175.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its holdings in WhiteHorse Finance by 5.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock valued at $317,000 after buying an additional 1,270 shares during the last quarter. International Assets Investment Management LLC increased its holdings in WhiteHorse Finance by 1,130.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company’s stock valued at $30,000 after buying an additional 2,260 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in WhiteHorse Finance by 13.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 21,198 shares of the investment management company’s stock valued at $261,000 after buying an additional 2,458 shares during the last quarter. Toroso Investments LLC increased its holdings in WhiteHorse Finance by 6.4% in the third quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock valued at $774,000 after buying an additional 3,668 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in WhiteHorse Finance in the fourth quarter valued at about $89,000. Institutional investors and hedge funds 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.