WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives $12.38 Average Target Price from Brokerages

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have earned a consensus rating of “Reduce” from the four research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.25.

A number of research firms recently commented on WHF. JPMorgan Chase & Co. lowered their price target on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a report on Monday, July 29th. Raymond James reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th. Oppenheimer cut shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $14.00 to $12.00 in a report on Monday, November 11th. Finally, StockNews.com cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

WhiteHorse Finance Trading Up 0.9 %

NASDAQ:WHF opened at $10.62 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $246.84 million, a PE ratio of 23.60 and a beta of 1.28. The firm’s 50 day moving average is $11.62 and its 200 day moving average is $12.11. WhiteHorse Finance has a 12 month low of $10.48 and a 12 month high of $13.44.

WhiteHorse Finance Increases Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.385 per share. This is a boost from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date of this dividend is Friday, December 20th. This represents a yield of 13.9%. WhiteHorse Finance’s payout ratio is presently 342.22%.

Institutional Investors Weigh In On WhiteHorse Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. raised its holdings in WhiteHorse Finance by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock valued at $2,232,000 after acquiring an additional 21,616 shares during the period. International Assets Investment Management LLC increased its holdings in shares of WhiteHorse Finance by 1,057.0% in the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after purchasing an additional 2,114 shares during the period. Blue Trust Inc. increased its holdings in shares of WhiteHorse Finance by 15.2% in the third quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock worth $466,000 after purchasing an additional 5,000 shares during the period. Sound Income Strategies LLC increased its holdings in shares of WhiteHorse Finance by 4.7% in the third quarter. Sound Income Strategies LLC now owns 895,062 shares of the investment management company’s stock worth $10,356,000 after purchasing an additional 39,839 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of WhiteHorse Finance in the second quarter worth $357,000. Institutional investors 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.