WhiteHorse Finance (NASDAQ:WHF) Upgraded at B. Riley

B. Riley upgraded shares of WhiteHorse Finance (NASDAQ:WHF) to a hold rating in a report published on Monday morning,Zacks.com reports. B. Riley also issued estimates for WhiteHorse Finance’s Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.27 EPS, Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $1.11 EPS.

Separately, JPMorgan Chase & Co. cut their price target on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating for the company in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, WhiteHorse Finance has an average rating of “Hold” and a consensus price target of $10.50.

WhiteHorse Finance Stock Down 7.2%

Shares of WHF stock opened at $8.83 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. WhiteHorse Finance has a 1 year low of $8.44 and a 1 year high of $12.73. The firm’s fifty day moving average price is $9.29 and its two-hundred day moving average price is $9.85. The firm has a market capitalization of $205.21 million, a P/E ratio of 22.64 and a beta of 0.80.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Monday, May 12th. The investment management company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $18.80 million for the quarter, compared to analyst estimates of $19.98 million. WhiteHorse Finance had a return on equity of 11.30% and a net margin of 10.62%. On average, equities analysts predict 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 Thursday, July 3rd. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 17.44%. The ex-dividend date is Wednesday, June 18th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 394.87%.

Insider Transactions at WhiteHorse Finance

In related news, Director John Bolduc acquired 22,360 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average cost of $8.94 per share, for a total transaction of $199,898.40. Following the transaction, the director now directly owns 237,885 shares in the company, valued at $2,126,691.90. This trade represents a 10.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WhiteHorse Finance

Institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its position in WhiteHorse Finance by 2.3% in the 4th quarter. Tidal Investments LLC now owns 49,460 shares of the investment management company’s stock valued at $479,000 after acquiring an additional 1,110 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in WhiteHorse Finance by 2.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company’s stock valued at $589,000 after acquiring an additional 1,486 shares during the period. LPL Financial LLC increased its position in WhiteHorse Finance by 10.9% in the 4th quarter. LPL Financial LLC now owns 15,182 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 1,495 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in WhiteHorse Finance by 5.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,772 shares of the investment management company’s stock valued at $414,000 after acquiring an additional 2,273 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in WhiteHorse Finance by 23.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 3,683 shares during the period. 13.20% of the stock is currently owned by institutional investors and hedge funds.

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.