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

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Rating) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.67.

A number of equities research analysts have weighed in on the company. Hovde Group downgraded WhiteHorse Finance from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $16.50 to $15.50 in a report on Friday, March 4th. Raymond James lowered their target price on WhiteHorse Finance from $16.50 to $16.00 and set an “outperform” rating for the company in a report on Friday, March 4th. Zacks Investment Research downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Saturday, March 5th. TheStreet downgraded WhiteHorse Finance from a “b-” rating to a “c” rating in a report on Wednesday, April 13th. Finally, StockNews.com downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Thursday, April 7th.

Shares of WHF stock traded down $0.07 on Tuesday, hitting $15.01. The company had a trading volume of 1,465 shares, compared to its average volume of 76,898. The firm has a market cap of $348.16 million, a P/E ratio of 10.35 and a beta of 1.36. The stock’s 50-day moving average is $15.16 and its two-hundred day moving average is $15.32. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.40 and a current ratio of 1.40. WhiteHorse Finance has a twelve month low of $14.60 and a twelve month high of $16.23.

WhiteHorse Finance (NASDAQ:WHFGet Rating) last issued its earnings results on Thursday, March 3rd. The investment management company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.04). The business had revenue of $18.50 million during the quarter, compared to the consensus estimate of $18.85 million. WhiteHorse Finance had a return on equity of 9.17% and a net margin of 41.63%. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Equities research analysts predict that WhiteHorse Finance will post 1.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Friday, March 25th were issued a dividend of $0.355 per share. The ex-dividend date was Thursday, March 24th. This represents a $1.42 annualized dividend and a dividend yield of 9.46%. WhiteHorse Finance’s dividend payout ratio is 97.93%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WHF. BlackRock Inc. boosted its position in shares of WhiteHorse Finance by 19.6% during the third quarter. BlackRock Inc. now owns 111,736 shares of the investment management company’s stock valued at $1,701,000 after buying an additional 18,328 shares during the last quarter. Capital Analysts LLC purchased a new position in shares of WhiteHorse Finance during the third quarter valued at approximately $67,000. Sound Income Strategies LLC boosted its position in shares of WhiteHorse Finance by 31.8% during the fourth quarter. Sound Income Strategies LLC now owns 241,452 shares of the investment management company’s stock valued at $3,743,000 after buying an additional 58,262 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of WhiteHorse Finance by 7.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 26,113 shares of the investment management company’s stock valued at $397,000 after buying an additional 1,794 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in shares of WhiteHorse Finance by 5.3% during the third quarter. Cetera Advisors LLC now owns 16,125 shares of the investment management company’s stock valued at $245,000 after buying an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 10.30% of the company’s stock.

About WhiteHorse Finance (Get Rating)

WhiteHorse Finance, LLC is a non-diversified, closed-end management investment business development company specializing in originating senior secured loans to privately held small-cap companies across a broad range of industries. It invests in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.

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