WhiteHorse Finance (NASDAQ:WHF) Rating Increased to Hold at B. Riley

B. Riley upgraded shares of WhiteHorse Finance (NASDAQ:WHF - Free Report) to a hold rating in a research report released on Monday morning,Zacks.com reports. B. Riley also issued estimates for WhiteHorse Finance's Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.21 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.27 EPS, Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $1.11 EPS.

Separately, JPMorgan Chase & Co. decreased their price target on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.50.

WhiteHorse Finance Trading Down 1.6%

Shares of WHF stock traded down $0.14 on Monday, reaching $8.69. 129,791 shares of the company's stock were exchanged, compared to its average volume of 88,788. WhiteHorse Finance has a 52 week low of $8.44 and a 52 week high of $12.73. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $201.96 million, a PE ratio of 22.28 and a beta of 0.80. The company's fifty day simple moving average is $9.29 and its 200 day simple moving average is $9.82.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). WhiteHorse Finance had a return on equity of 11.30% and a net margin of 10.62%. The business had revenue of $18.80 million for the quarter, compared to the consensus estimate of $19.98 million. As a group, analysts forecast that WhiteHorse Finance will post 1.66 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 17.72%. The ex-dividend date is Wednesday, June 18th. WhiteHorse Finance's dividend payout ratio (DPR) is presently 394.87%.

Insider Buying and Selling at WhiteHorse Finance

In other news, Director John Bolduc bought 22,360 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was acquired at an average cost of $8.94 per share, with a total value of $199,898.40. Following the transaction, the director now directly owns 237,885 shares in the company, valued at approximately $2,126,691.90. This trade represents a 10.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC raised its position in shares of WhiteHorse Finance by 2.3% in the 4th quarter. Tidal Investments LLC now owns 49,460 shares of the investment management company's stock worth $479,000 after acquiring an additional 1,110 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of WhiteHorse Finance by 2.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company's stock worth $589,000 after acquiring an additional 1,486 shares in the last quarter. LPL Financial LLC raised its position in shares of WhiteHorse Finance by 10.9% in the 4th quarter. LPL Financial LLC now owns 15,182 shares of the investment management company's stock worth $147,000 after acquiring an additional 1,495 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of WhiteHorse Finance by 5.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,772 shares of the investment management company's stock worth $414,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of WhiteHorse Finance by 23.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company's stock worth $188,000 after acquiring an additional 3,683 shares in the last quarter. 13.20% of the stock is currently owned by hedge funds and other 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.