WhiteHorse Finance (NASDAQ:WHF) Price Target Cut to $15.00

WhiteHorse Finance (NASDAQ:WHFGet Rating) had its price objective cut by Raymond James from $15.50 to $15.00 in a report published on Tuesday, Benzinga reports. They currently have an outperform rating on the investment management company’s stock.

Other analysts have also issued research reports about the company. B. Riley initiated coverage on WhiteHorse Finance in a research note on Friday, October 14th. They issued a buy rating and a $12.00 price target on the stock. Hovde Group reduced their price objective on WhiteHorse Finance to $13.00 in a research note on Wednesday, October 5th. StockNews.com assumed coverage on WhiteHorse Finance in a research note on Wednesday, October 12th. They issued a hold rating on the stock. JPMorgan Chase & Co. lowered WhiteHorse Finance from a neutral rating to an underweight rating and set a $14.00 price objective on the stock. in a research note on Tuesday, September 6th. They noted that the move was a valuation call. Finally, LADENBURG THALM/SH SH reduced their price objective on WhiteHorse Finance to $14.00 in a research note on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, WhiteHorse Finance presently has a consensus rating of Hold and a consensus target price of $13.60.

WhiteHorse Finance Price Performance

Shares of WHF stock opened at $13.60 on Tuesday. The stock’s fifty day simple moving average is $12.34 and its 200 day simple moving average is $13.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market cap of $316.06 million, a price-to-earnings ratio of 15.45 and a beta of 1.29. WhiteHorse Finance has a one year low of $10.57 and a one year high of $16.20.

WhiteHorse Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.44%. The ex-dividend date of this dividend is Tuesday, December 20th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 161.37%.

Insider Activity

In other news, Director John Bolduc purchased 7,690 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were acquired at an average price of $13.00 per share, with a total value of $99,970.00. Following the completion of the purchase, the director now directly owns 162,877 shares of the company’s stock, valued at approximately $2,117,401. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WhiteHorse Finance

Several large investors have recently made changes to their positions in WHF. LPL Financial LLC acquired a new position in shares of WhiteHorse Finance during the second quarter valued at $785,000. Sound Income Strategies LLC lifted its stake in shares of WhiteHorse Finance by 14.3% during the third quarter. Sound Income Strategies LLC now owns 390,695 shares of the investment management company’s stock valued at $4,337,000 after acquiring an additional 48,753 shares during the period. Capital Financial Services LLC acquired a new position in shares of WhiteHorse Finance during the first quarter valued at $349,000. Silver Oak Securities Incorporated bought a new stake in WhiteHorse Finance in the third quarter valued at about $225,000. Finally, Great West Life Assurance Co. Can bought a new stake in WhiteHorse Finance in the third quarter valued at about $220,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

WhiteHorse Finance Company Profile

(Get Rating)

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 prefers to invest 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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