WhiteHorse Finance (NASDAQ:WHF) Given New $9.00 Price Target at B. Riley

Key Points

• B. Riley has reduced the price target for WhiteHorse Finance from $9.50 to $9.00, maintaining a "neutral" rating which suggests a potential upside of 5.76% from the current stock price.
• WhiteHorse Finance has reported $0.28 earnings per share for the last quarter, falling short of the analysts' estimate of $0.31, and had revenue of $18.84 million, underperforming the expected $19.33 million.
• As of now, 13.20% of WhiteHorse Finance's stock is owned by institutional investors, with various firms modifying their holdings in recent quarters.

WhiteHorse Finance (NASDAQ:WHF - Free Report) had its price objective reduced by B. Riley from $9.50 to $9.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the investment management company's stock. B. Riley also issued estimates for WhiteHorse Finance's Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $1.13 EPS, Q1 2026 earnings at $0.27 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.27 EPS and FY2026 earnings at $1.07 EPS.

Separately, LADENBURG THALM/SH SH raised shares of WhiteHorse Finance to a "hold" rating in a report on Friday, August 8th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, WhiteHorse Finance presently has an average rating of "Hold" and a consensus price target of $10.00.

WhiteHorse Finance Stock Down 0.7%

WhiteHorse Finance stock traded down $0.06 during trading hours on Wednesday, hitting $8.42. The stock had a trading volume of 45,634 shares, compared to its average volume of 85,394. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $195.71 million, a P/E ratio of 56.14 and a beta of 0.82. WhiteHorse Finance has a 12-month low of $8.36 and a 12-month high of $12.42. The stock's 50-day moving average price is $8.87 and its 200-day moving average price is $9.45.

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

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 18.3%. The ex-dividend date is Friday, September 19th. WhiteHorse Finance's payout ratio is 1,026.67%.

Institutional Trading of WhiteHorse Finance

Large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its position in WhiteHorse Finance by 26.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,799 shares of the investment management company's stock valued at $442,000 after buying an additional 9,709 shares during the period. Millennium Management LLC grew its position in WhiteHorse Finance by 172.4% during the fourth quarter. Millennium Management LLC now owns 129,981 shares of the investment management company's stock valued at $1,258,000 after buying an additional 82,263 shares during the period. Jane Street Group LLC bought a new stake in WhiteHorse Finance during the fourth quarter valued at approximately $241,000. Sound Income Strategies LLC grew its position in WhiteHorse Finance by 5.0% during the first quarter. Sound Income Strategies LLC now owns 1,013,374 shares of the investment management company's stock valued at $9,779,000 after buying an additional 48,078 shares during the period. Finally, Tower Research Capital LLC TRC bought a new stake in WhiteHorse Finance during the fourth quarter valued at approximately $39,000. 13.20% of the stock is currently owned by institutional investors.

About WhiteHorse Finance

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.