WhiteHorse Finance, Inc. (NASDAQ:WHF) Given Average Recommendation of “Hold” by Brokerages

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Rating) has earned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.83.

A number of research analysts recently weighed in on the company. Hovde Group cut their price objective on WhiteHorse Finance to $13.00 in a research note on Friday, May 20th. TheStreet raised WhiteHorse Finance from a “c” rating to a “b-” rating in a research note on Monday, June 6th. Finally, StockNews.com downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th.

WhiteHorse Finance Trading Up 0.4 %

Shares of NASDAQ WHF opened at $14.23 on Thursday. WhiteHorse Finance has a one year low of $12.35 and a one year high of $16.22. The firm has a market capitalization of $330.75 million, a PE ratio of 10.95 and a beta of 1.23. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average price of $13.61 and a two-hundred day moving average price of $14.49.

WhiteHorse Finance (NASDAQ:WHFGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The investment management company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). WhiteHorse Finance had a return on equity of 9.01% and a net margin of 37.16%. The business had revenue of $20.03 million for the quarter, compared to analyst estimates of $21.02 million. As a group, analysts predict that WhiteHorse Finance will post 1.38 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Monday, June 20th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 9.98%. The ex-dividend date of this dividend was Thursday, June 16th. WhiteHorse Finance’s dividend payout ratio is currently 109.23%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can grew its holdings in shares of WhiteHorse Finance by 17.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock worth $99,000 after purchasing an additional 937 shares in the last quarter. Royal Bank of Canada boosted its stake in WhiteHorse Finance by 10.1% in the 1st quarter. Royal Bank of Canada now owns 10,885 shares of the investment management company’s stock valued at $164,000 after buying an additional 998 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in WhiteHorse Finance by 10.0% in the 2nd quarter. Avantax Advisory Services Inc. now owns 17,322 shares of the investment management company’s stock valued at $228,000 after buying an additional 1,576 shares in the last quarter. Cornerstone Advisory LLC acquired a new stake in WhiteHorse Finance in the 4th quarter valued at $30,000. Finally, Advisors Asset Management Inc. boosted its stake in WhiteHorse Finance by 3.3% in the 4th quarter. Advisors Asset Management Inc. now owns 275,462 shares of the investment management company’s stock valued at $4,270,000 after buying an additional 8,762 shares in the last quarter. 13.45% of the stock is owned by institutional investors.

WhiteHorse Finance Company Profile

(Get Rating)

WhiteHorse Finance, Inc is business development company and 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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