A number of other research analysts have also recently commented on the company. B. Riley set a $14.50 target price on WhiteHorse Finance and gave the company a buy rating in a research note on Friday, September 13th. CIBC restated a market perform rating on shares of WhiteHorse Finance in a research note on Thursday, August 8th. Zacks Investment Research upgraded WhiteHorse Finance from a sell rating to a hold rating in a research note on Friday, August 9th. Oppenheimer cut WhiteHorse Finance from an outperform rating to a market perform rating in a research note on Thursday, August 8th. Finally, Raymond James began coverage on WhiteHorse Finance in a research note on Tuesday, June 18th. They issued an outperform rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $14.50.
NASDAQ WHF opened at $13.76 on Tuesday. WhiteHorse Finance has a fifty-two week low of $11.89 and a fifty-two week high of $15.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $13.94. The stock has a market cap of $282.71 million, a P/E ratio of 9.17 and a beta of 0.60.
WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Wednesday, August 7th. The investment management company reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. The company had revenue of $15.98 million during the quarter, compared to analysts’ expectations of $16.08 million. WhiteHorse Finance had a return on equity of 9.62% and a net margin of 62.01%. Sell-side analysts predict that WhiteHorse Finance will post 1.44 earnings per share for the current year.
The company also recently announced a — dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, October 31st will be paid a $0.195 dividend. This represents a dividend yield of 10.2%. The ex-dividend date of this dividend is Wednesday, October 30th. WhiteHorse Finance’s payout ratio is presently 94.67%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in WhiteHorse Finance during the 1st quarter valued at approximately $1,241,000. Acadian Asset Management LLC increased its position in WhiteHorse Finance by 51.8% during the 2nd quarter. Acadian Asset Management LLC now owns 43,775 shares of the investment management company’s stock valued at $603,000 after buying an additional 14,944 shares in the last quarter. Advantage Investment Management LLC increased its position in WhiteHorse Finance by 9.1% during the 2nd quarter. Advantage Investment Management LLC now owns 19,890 shares of the investment management company’s stock valued at $273,000 after buying an additional 1,653 shares in the last quarter. Rational Advisors LLC bought a new position in WhiteHorse Finance during the 2nd quarter valued at approximately $179,000. Finally, Advisor Group Inc. increased its position in WhiteHorse Finance by 34.6% during the 2nd quarter. Advisor Group Inc. now owns 14,134 shares of the investment management company’s stock valued at $195,000 after buying an additional 3,630 shares in the last quarter. Institutional investors own 16.42% of the company’s stock.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
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