WhiteHorse Finance (NASDAQ:WHF) Downgraded by StockNews.com

StockNews.com lowered shares of WhiteHorse Finance (NASDAQ:WHF) from a buy rating to a hold rating in a report issued on Thursday.

A number of other analysts also recently issued reports on the stock. B. Riley downgraded shares of WhiteHorse Finance from a buy rating to a neutral rating and set a $13.25 price target on the stock. in a report on Monday, January 8th. JPMorgan Chase & Co. reduced their target price on shares of WhiteHorse Finance from $12.00 to $11.50 and set an underweight rating on the stock in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $12.81.

WhiteHorse Finance Trading Up 0.6 %

Shares of WhiteHorse Finance stock opened at $12.90 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22. WhiteHorse Finance has a 12-month low of $11.13 and a 12-month high of $13.69. The firm has a market capitalization of $299.80 million, a price-to-earnings ratio of 14.66 and a beta of 1.28. The firm’s 50 day simple moving average is $12.53 and its two-hundred day simple moving average is $12.47.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $25.63 million for the quarter, compared to the consensus estimate of $25.33 million. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. Analysts predict that WhiteHorse Finance will post 1.81 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 22nd were given a $0.385 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.54 annualized dividend and a yield of 11.94%. WhiteHorse Finance’s dividend payout ratio (DPR) is 175.00%.

Hedge Funds Weigh In On WhiteHorse Finance

A number of large investors have recently bought and sold shares of WHF. Advisors Asset Management Inc. lifted its holdings in shares of WhiteHorse Finance by 8.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock worth $3,581,000 after acquiring an additional 20,882 shares during the period. Toroso Investments LLC raised its stake in shares of WhiteHorse Finance by 6.4% during the third quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock valued at $774,000 after purchasing an additional 3,668 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of WhiteHorse Finance by 5.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock valued at $317,000 after purchasing an additional 1,270 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of WhiteHorse Finance by 16.1% during the third quarter. Atria Wealth Solutions Inc. now owns 75,255 shares of the investment management company’s stock valued at $988,000 after purchasing an additional 10,422 shares during the period. Finally, Sound Income Strategies LLC raised its stake in shares of WhiteHorse Finance by 6.3% during the fourth quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock valued at $9,273,000 after purchasing an additional 44,420 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

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.