Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) have earned a consensus recommendation of "Hold" from the four analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.81.
A number of brokerages recently commented on WHF. JPMorgan Chase & Co. decreased their price target 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. StockNews.com upgraded shares of WhiteHorse Finance from a "hold" rating to a "buy" rating in a research note on Thursday, March 28th. Finally, B. Riley lowered shares of WhiteHorse Finance from a "buy" rating to a "neutral" rating and set a $13.25 price target on the stock. in a research note on Monday, January 8th.
Check Out Our Latest Analysis on WHF
Institutional Investors Weigh In On WhiteHorse Finance
Several large investors have recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in WhiteHorse Finance by 1,130.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company's stock worth $30,000 after buying an additional 2,260 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in WhiteHorse Finance in the third quarter valued at $71,000. Tower Research Capital LLC TRC increased its stake in WhiteHorse Finance by 342.3% in the first quarter. Tower Research Capital LLC TRC now owns 6,683 shares of the investment management company's stock valued at $84,000 after purchasing an additional 5,172 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in WhiteHorse Finance in the fourth quarter valued at $89,000. Finally, Great West Life Assurance Co. Can increased its stake in WhiteHorse Finance by 17.9% in the first quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company's stock valued at $99,000 after purchasing an additional 937 shares in the last quarter. 13.20% of the stock is currently owned by institutional investors and hedge funds.
WhiteHorse Finance Stock Performance
Shares of WhiteHorse Finance stock traded up $0.16 during trading on Wednesday, hitting $12.26. 139,955 shares of the stock were exchanged, compared to its average volume of 56,602. The stock has a market capitalization of $284.92 million, a price-to-earnings ratio of 13.93 and a beta of 1.28. The company has a fifty day moving average price of $12.56 and a 200-day moving average price of $12.47. WhiteHorse Finance has a 1-year low of $11.13 and a 1-year high of $13.69. 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 (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $25.63 million for the quarter, compared to analyst estimates of $25.33 million. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. As a group, equities analysts predict that WhiteHorse Finance will post 1.81 EPS for the current fiscal year.
WhiteHorse Finance Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 22nd were paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 12.56%. The ex-dividend date of this dividend was Thursday, March 21st. WhiteHorse Finance's payout ratio is currently 175.00%.
WhiteHorse Finance Company Profile
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Get Free ReportWhiteHorse 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.
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