WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives Consensus Recommendation of "Reduce" from Analysts

Key Points

• WhiteHorse Finance, Inc. has received a consensus rating of "Reduce" from analysts, with two recommending a sell and five a hold.
• The company's recent earnings report showed an EPS of $0.28, missing expectations, with a revenue of $18.84 million compared to an anticipated $19.33 million.
• A special dividend of $0.035 will be paid on December 10th, 2023, with a high dividend payout ratio of 1,026.67%.

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) has been assigned a consensus rating of "Reduce" from the seven analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.1667.

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a "sell (d+)" rating on shares of WhiteHorse Finance in a research report on Friday. B. Riley cut their target price on WhiteHorse Finance from $9.50 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Zacks Research raised WhiteHorse Finance from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. LADENBURG THALM/SH SH upgraded WhiteHorse Finance to a "hold" rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on WhiteHorse Finance from $8.00 to $6.50 and set an "underweight" rating on the stock in a report on Wednesday, October 1st.

WhiteHorse Finance Price Performance

NASDAQ:WHF opened at $7.04 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $163.61 million, a P/E ratio of 46.94 and a beta of 0.75. WhiteHorse Finance has a 12 month low of $6.53 and a 12 month high of $12.18. The business's 50-day moving average is $7.80 and its 200 day moving average is $8.63.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted its earnings results on Thursday, August 7th. The investment management company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The firm had revenue of $18.84 million during the quarter, compared to analysts' expectations of $19.33 million. WhiteHorse Finance had a return on equity of 10.72% and a net margin of 4.36%. On average, equities research analysts forecast that WhiteHorse Finance will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, October 31st will be given a $0.035 dividend. The ex-dividend date of this dividend is Friday, October 31st. WhiteHorse Finance's dividend payout ratio (DPR) is presently 1,026.67%.

Institutional Trading of WhiteHorse Finance

A number of institutional investors have recently made changes to their positions in WHF. Ethos Financial Group LLC raised its stake in WhiteHorse Finance by 8.2% in the 3rd quarter. Ethos Financial Group LLC now owns 222,454 shares of the investment management company's stock worth $1,539,000 after acquiring an additional 16,781 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of WhiteHorse Finance by 92.0% during the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company's stock worth $1,613,000 after purchasing an additional 88,659 shares during the last quarter. Legal & General Group Plc lifted its holdings in WhiteHorse Finance by 4.4% in the second quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company's stock valued at $1,368,000 after acquiring an additional 6,560 shares during the last quarter. Blue Trust Inc. raised its position in WhiteHorse Finance by 11.9% in the third quarter. Blue Trust Inc. now owns 75,437 shares of the investment management company's stock valued at $522,000 after purchasing an additional 8,000 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of WhiteHorse Finance by 13.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,487 shares of the investment management company's stock valued at $468,000 after buying an additional 5,715 shares during the period. Institutional investors and hedge funds 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.

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