WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have received a consensus rating of “Moderate Buy” from the four research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.60.

A number of equities research analysts have weighed in on the stock. LADENBURG THALM/SH SH lowered shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research note on Wednesday, August 9th. B. Riley raised their target price on WhiteHorse Finance from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. TheStreet lowered shares of WhiteHorse Finance from a “b-” rating to a “c” rating in a research report on Monday, August 21st. StockNews.com initiated coverage on shares of WhiteHorse Finance in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Raymond James cut their target price on shares of WhiteHorse Finance from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, August 9th.

WhiteHorse Finance Trading Up 0.4 %

WhiteHorse Finance stock opened at $13.44 on Friday. WhiteHorse Finance has a one year low of $10.57 and a one year high of $13.94. The business’s fifty day moving average is $13.12 and its 200 day moving average is $12.66. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market capitalization of $312.35 million, a PE ratio of 22.03 and a beta of 1.29.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $25.60 million during the quarter, compared to analyst estimates of $25.85 million. WhiteHorse Finance had a net margin of 14.12% and a return on equity of 12.33%. On average, sell-side analysts predict that WhiteHorse Finance will post 1.84 EPS for the current year.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 11.01%. The ex-dividend date is Monday, September 18th. WhiteHorse Finance’s dividend payout ratio is 242.62%.

Institutional Trading of WhiteHorse Finance

Several institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC bought a new stake in WhiteHorse Finance during the 1st quarter valued at approximately $44,000. Tower Research Capital LLC TRC lifted its holdings in shares of WhiteHorse Finance by 342.3% in the first quarter. Tower Research Capital LLC TRC now owns 6,683 shares of the investment management company’s stock worth $84,000 after buying an additional 5,172 shares in the last quarter. Ahrens Investment Partners LLC bought a new position in shares of WhiteHorse Finance during the first quarter worth $85,000. Great West Life Assurance Co. Can grew its stake in WhiteHorse Finance by 17.9% during the first quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock valued at $99,000 after acquiring an additional 937 shares in the last quarter. Finally, LSV Asset Management bought a new stake in WhiteHorse Finance in the 1st quarter valued at $124,000. 12.30% of the stock is currently owned by institutional investors.

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.