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

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

A number of research analysts have issued reports on WHF shares. JPMorgan Chase & Co. decreased their price target on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Friday, March 1st. B. Riley lowered shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price objective on the stock. in a research note on Monday, January 8th. Finally, StockNews.com lowered shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Thursday.

WhiteHorse Finance Trading Up 0.6 %

NASDAQ WHF opened at $12.90 on Friday. The company has a fifty day simple moving average of $12.53 and a two-hundred day simple moving average of $12.47. The stock has a market cap of $299.80 million, a P/E ratio of 14.66 and a beta of 1.28. WhiteHorse Finance has a 12-month low of $11.13 and a 12-month high of $13.69. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22.

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

WhiteHorse Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 22nd were paid a $0.385 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 11.94%. WhiteHorse Finance’s payout ratio is currently 175.00%.

Institutional Trading of WhiteHorse Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its position in WhiteHorse Finance by 5.4% during 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 period. Virtus ETF Advisers LLC grew its position in WhiteHorse Finance by 74.2% during the third quarter. Virtus ETF Advisers LLC now owns 57,966 shares of the investment management company’s stock valued at $740,000 after buying an additional 24,681 shares during the period. NewEdge Wealth LLC acquired a new stake in WhiteHorse Finance during the third quarter valued at $145,000. Atria Wealth Solutions Inc. grew its position in WhiteHorse Finance by 16.1% during the third quarter. Atria Wealth Solutions Inc. now owns 75,255 shares of the investment management company’s stock valued at $988,000 after buying an additional 10,422 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in WhiteHorse Finance during the third quarter valued at $248,000. Institutional investors and hedge funds 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.