WhiteHorse Finance (NASDAQ:WHF) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a hold rating to a buy rating in a report issued on Friday.

A number of other equities analysts have also weighed in on WHF. B. Riley lowered WhiteHorse Finance from a buy rating to a neutral rating and set a $13.25 target price on the stock. in a research note on Monday, January 8th. JPMorgan Chase & Co. dropped 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 report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $12.81.

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF opened at $12.79 on Friday. WhiteHorse Finance has a fifty-two week low of $11.13 and a fifty-two week high of $13.69. The company’s 50-day moving average is $12.55 and its 200 day moving average is $12.48. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $297.24 million, a P/E ratio of 14.53 and a beta of 1.25.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. The business had revenue of $25.63 million for the quarter, compared to the consensus estimate of $25.33 million. On average, equities research analysts forecast that WhiteHorse Finance will post 1.81 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

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

Institutional Trading of WhiteHorse Finance

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in WhiteHorse Finance by 1,130.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company’s stock worth $30,000 after acquiring an additional 2,260 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in WhiteHorse Finance during the 4th quarter valued at about $89,000. NewEdge Wealth LLC bought a new position in WhiteHorse Finance during the 3rd quarter valued at approximately $145,000. Raymond James Financial Services Advisors Inc. purchased a new stake in WhiteHorse Finance in the 4th quarter worth approximately $168,000. Finally, Acadian Asset Management LLC bought a new stake in shares of WhiteHorse Finance in the 3rd quarter worth approximately $248,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

About WhiteHorse Finance

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.