WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.46 and traded as high as $12.56. WhiteHorse Finance shares last traded at $12.31, with a volume of 67,547 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. B. Riley cut shares of WhiteHorse Finance from a "buy" rating to a "neutral" rating and set a $13.25 price target for the company. in a research note on Monday, January 8th. StockNews.com raised shares of WhiteHorse Finance from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. lowered their price target on WhiteHorse Finance from $12.00 to $11.50 and set an "underweight" rating on the stock in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.81.
Get Our Latest Stock Report on WhiteHorse Finance
WhiteHorse Finance Trading Up 0.7 %
The business has a 50 day simple moving average of $12.52 and a two-hundred day simple moving average of $12.46. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22. The company has a market cap of $288.18 million, a PE ratio of 14.09 and a beta of 1.28.
WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its earnings results on Thursday, February 29th. The investment management company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The firm had revenue of $25.63 million during the quarter, compared to analyst estimates of $25.33 million. On average, analysts forecast that WhiteHorse Finance, Inc. will post 1.81 EPS for the current fiscal year.
WhiteHorse Finance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 22nd were issued a dividend of $0.385 per share. The ex-dividend date was Thursday, March 21st. This represents a $1.54 annualized dividend and a dividend yield of 12.42%. WhiteHorse Finance's payout ratio is currently 175.00%.
Hedge Funds Weigh In On WhiteHorse Finance
A number of hedge funds have recently made changes to their positions in WHF. International Assets Investment Management LLC increased its position in WhiteHorse Finance by 1,130.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company's stock worth $30,000 after purchasing an additional 2,260 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of WhiteHorse Finance in the 3rd quarter valued at $71,000. Tower Research Capital LLC TRC raised its stake in shares of WhiteHorse Finance by 342.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,683 shares of the investment management company's stock valued at $84,000 after acquiring an additional 5,172 shares during the period. Cape Investment Advisory Inc. acquired a new position in shares of WhiteHorse Finance during the 4th quarter valued at $89,000. Finally, Great West Life Assurance Co. Can boosted its position in 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 during the period. Institutional investors and hedge funds own 13.20% of the company's stock.
About WhiteHorse Finance
(
Get Free Report)
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.
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