WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives $12.81 Average Target Price from Analysts

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have been assigned a consensus recommendation of “Hold” from the four brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.81.

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating on the stock in a research report on Friday, March 1st. B. Riley downgraded 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 report on Monday, January 8th. Finally, StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Thursday, April 25th.

Hedge Funds Weigh In On WhiteHorse Finance

Several institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of WhiteHorse Finance by 5.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock worth $317,000 after purchasing an additional 1,270 shares during the period. International Assets Investment Management LLC lifted its stake in shares of WhiteHorse Finance by 1,130.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company’s stock worth $30,000 after purchasing an additional 2,260 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of WhiteHorse Finance by 13.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,198 shares of the investment management company’s stock worth $261,000 after purchasing an additional 2,458 shares during the period. Toroso Investments LLC lifted its stake in shares of WhiteHorse Finance by 6.4% in the 3rd quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock worth $774,000 after purchasing an additional 3,668 shares during the period. Finally, Cape Investment Advisory Inc. bought a new stake in WhiteHorse Finance during the 4th quarter worth approximately $89,000. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Stock Down 0.7 %

Shares of WhiteHorse Finance stock opened at $12.88 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.36 and a quick ratio of 1.36. The company has a 50-day moving average of $12.54 and a 200 day moving average of $12.48. The firm has a market cap of $299.33 million, a price-to-earnings ratio of 14.64 and a beta of 1.28. WhiteHorse Finance has a 1 year low of $11.13 and a 1 year high of $13.69.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. The company had revenue of $25.63 million during the quarter, compared to analyst estimates of $25.33 million. As a group, sell-side analysts anticipate that WhiteHorse Finance will post 1.81 earnings per share for the current fiscal 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. This represents a $1.54 annualized dividend and a dividend yield of 11.96%. The ex-dividend date of this dividend was Thursday, March 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 175.00%.

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.