WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives $13.60 Consensus Target Price from Analysts


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Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.60.

Several analysts have recently weighed in on the company. Zacks Investment Research raised WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Saturday, March 6th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $15.50 price objective (up previously from $14.50) on shares of WhiteHorse Finance in a research note on Monday. Raymond James lifted their target price on shares of WhiteHorse Finance from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, March 9th. Finally, B. Riley reiterated a “neutral” rating on shares of WhiteHorse Finance in a research report on Monday, February 22nd.

Several large investors have recently modified their holdings of WHF. Sound Income Strategies LLC raised its holdings in WhiteHorse Finance by 62.4% during the first quarter. Sound Income Strategies LLC now owns 129,008 shares of the investment management company’s stock worth $1,957,000 after purchasing an additional 49,562 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of WhiteHorse Finance in the first quarter valued at approximately $91,000. Virtu Financial LLC acquired a new position in WhiteHorse Finance during the fourth quarter worth $387,000. Truist Financial Corp raised its position in WhiteHorse Finance by 17.3% in the fourth quarter. Truist Financial Corp now owns 14,044 shares of the investment management company’s stock worth $191,000 after acquiring an additional 2,074 shares in the last quarter. Finally, Ares Management LLC lifted its holdings in WhiteHorse Finance by 33.5% in the fourth quarter. Ares Management LLC now owns 882,976 shares of the investment management company’s stock valued at $12,017,000 after acquiring an additional 221,427 shares during the period.

Shares of WHF traded down $0.18 during midday trading on Tuesday, hitting $15.31. 69,474 shares of the stock were exchanged, compared to its average volume of 74,750. The stock has a fifty day simple moving average of $15.73 and a 200 day simple moving average of $13.88. WhiteHorse Finance has a 52-week low of $7.61 and a 52-week high of $16.72. The firm has a market cap of $314.62 million, a P/E ratio of 17.60 and a beta of 1.38. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 1.33.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Monday, March 1st. The investment management company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The firm had revenue of $16.85 million for the quarter, compared to analysts’ expectations of $15.71 million. WhiteHorse Finance had a net margin of 27.50% and a return on equity of 9.08%. As a group, equities research analysts forecast that WhiteHorse Finance will post 1.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Friday, March 26th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 9.27%. The ex-dividend date of this dividend was Thursday, March 25th. WhiteHorse Finance’s dividend payout ratio is presently 93.42%.

WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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Analyst Recommendations for WhiteHorse Finance (NASDAQ:WHF)

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