Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.83.
Several equities analysts recently commented on the stock. B. Riley reiterated a “neutral” rating on shares of WhiteHorse Finance in a report on Wednesday, March 2nd. Hovde Group lowered their price objective on shares of WhiteHorse Finance to $13.00 in a research report on Friday, May 20th. Raymond James lowered their price target on shares of WhiteHorse Finance from $16.50 to $16.00 and set an “outperform” rating for the company in a research report on Friday, March 4th. StockNews.com cut shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. Finally, TheStreet raised shares of WhiteHorse Finance from a “c” rating to a “b-” rating in a research report on Monday, June 6th.
A number of hedge funds and other institutional investors have recently bought and sold shares of WHF. Bank of America Corp DE acquired a new stake in shares of WhiteHorse Finance during the second quarter worth about $486,000. BlackRock Inc. increased its stake 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 worth $1,701,000 after buying an additional 18,328 shares during the period. Citadel Advisors LLC increased its stake in shares of WhiteHorse Finance by 17.4% during the third quarter. Citadel Advisors LLC now owns 20,797 shares of the investment management company’s stock worth $316,000 after buying an additional 3,076 shares during the period. Toroso Investments LLC purchased a new stake in shares of WhiteHorse Finance during the third quarter worth approximately $327,000. Finally, Cetera Advisors LLC raised its holdings in WhiteHorse Finance by 5.3% during the third quarter. Cetera Advisors LLC now owns 16,125 shares of the investment management company’s stock worth $245,000 after purchasing an additional 805 shares in the last quarter. 13.45% of the stock is currently owned by institutional investors.
Shares of WHF stock opened at $12.58 on Wednesday. The company has a market capitalization of $291.79 million, a price-to-earnings ratio of 9.72 and a beta of 1.29. WhiteHorse Finance has a one year low of $12.35 and a one year high of $16.22. The company’s fifty day moving average price is $14.37 and its 200-day moving average price is $14.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98.
WhiteHorse Finance (NASDAQ:WHF – Get Rating) last posted its earnings results on Tuesday, May 10th. The investment management company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.04). The company had revenue of $20.03 million for the quarter, compared to analysts’ expectations of $21.02 million. WhiteHorse Finance had a net margin of 37.16% and a return on equity of 9.01%. Equities research analysts expect that WhiteHorse Finance will post 1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Monday, June 20th will be given a dividend of $0.355 per share. The ex-dividend date is Thursday, June 16th. This represents a $1.42 annualized dividend and a dividend yield of 11.29%. WhiteHorse Finance’s payout ratio is 109.23%.
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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