WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives $10.50 Average PT from Analysts

WhiteHorse Finance, Inc. (NASDAQ:WHF) has been assigned an average recommendation of “Reduce” from the five analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $10.00.

A number of equities research analysts have recently issued reports on the company. B. Riley dropped their price objective on WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday. LADENBURG THALM/SH SH upgraded WhiteHorse Finance to a “hold” rating in a research note on Friday, August 8th.

WhiteHorse Finance Trading Down 0.2%

NASDAQ:WHF opened at $8.45 on Tuesday. WhiteHorse Finance has a twelve month low of $8.36 and a twelve month high of $12.42. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.32. The business has a 50 day moving average price of $8.88 and a two-hundred day moving average price of $9.48. The company has a market cap of $196.40 million, a P/E ratio of 56.34 and a beta of 0.82.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data on Thursday, August 7th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). WhiteHorse Finance had a return on equity of 10.72% and a net margin of 4.36%. The company had revenue of $18.84 million for the quarter, compared to the consensus estimate of $19.33 million. As a group, analysts expect that WhiteHorse Finance will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 18.2%. The ex-dividend date of this dividend is Friday, September 19th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 1,026.67%.

Hedge Funds Weigh In On WhiteHorse Finance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in shares of WhiteHorse Finance in the fourth quarter worth approximately $39,000. Northstar Advisory Group LLC acquired a new position in shares of WhiteHorse Finance in the second quarter worth approximately $87,000. Snowden Capital Advisors LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter worth approximately $101,000. LPL Financial LLC lifted its stake in shares of WhiteHorse Finance by 10.9% in the fourth quarter. LPL Financial LLC now owns 15,182 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,495 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of WhiteHorse Finance in the fourth quarter worth approximately $154,000. 13.20% of the stock is owned by institutional investors and hedge funds.

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.