WhiteHorse Finance’s (WHF) Market Perform Rating Reiterated at Raymond James

Raymond James reissued their market perform rating on shares of WhiteHorse Finance (NASDAQ:WHF) in a research report report published on Friday morning, Marketbeat reports.

WHF has been the subject of several other reports. StockNews.com upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. cut their price objective on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, WhiteHorse Finance has an average rating of “Hold” and a consensus target price of $12.38.

WhiteHorse Finance Trading Down 4.6 %

Shares of WhiteHorse Finance stock opened at $11.07 on Friday. The company’s 50-day moving average price is $11.75 and its 200-day moving average price is $12.19. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.15. WhiteHorse Finance has a 12-month low of $10.95 and a 12-month high of $13.44. The company has a market cap of $257.27 million, a price-to-earnings ratio of 24.60 and a beta of 1.28.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Thursday, August 8th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). The firm had revenue of $23.48 million during the quarter, compared to analysts’ expectations of $24.72 million. WhiteHorse Finance had a return on equity of 12.68% and a net margin of 10.65%. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, equities analysts expect that WhiteHorse Finance will post 1.68 earnings per share for the current fiscal year.

WhiteHorse Finance Increases Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a yield of 13.9%. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. WhiteHorse Finance’s payout ratio is 342.23%.

Hedge Funds Weigh In On WhiteHorse Finance

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanders Morris Harris LLC lifted its position in WhiteHorse Finance by 3.1% in the 2nd quarter. Sanders Morris Harris LLC now owns 32,244 shares of the investment management company’s stock worth $396,000 after buying an additional 956 shares during the last quarter. International Assets Investment Management LLC grew its position in WhiteHorse Finance by 1,057.0% during the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 2,114 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of WhiteHorse Finance by 19.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock worth $227,000 after acquiring an additional 3,013 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of WhiteHorse Finance in the 1st quarter worth approximately $39,000. Finally, Blue Trust Inc. lifted its holdings in shares of WhiteHorse Finance by 15.2% in the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock worth $466,000 after acquiring an additional 5,000 shares during the last quarter. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

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.