WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) has received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $13.60.
Several research firms recently commented on WHF. TheStreet lowered WhiteHorse Finance from a “b-” rating to a “c” rating in a report on Thursday, December 1st. B. Riley began coverage on WhiteHorse Finance in a report on Friday, October 14th. They issued a “buy” rating and a $12.00 price objective on the stock. Hovde Group dropped their price objective on WhiteHorse Finance to $13.00 in a report on Wednesday, October 5th. LADENBURG THALM/SH SH dropped their price objective on WhiteHorse Finance to $14.00 in a report on Thursday, November 17th. Finally, Raymond James dropped their price objective on WhiteHorse Finance from $15.50 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, November 22nd.
Insider Buying and Selling
In other WhiteHorse Finance news, Director John Bolduc bought 7,690 shares of WhiteHorse Finance stock in a transaction on Monday, December 5th. The shares were bought at an average price of $13.00 per share, for a total transaction of $99,970.00. Following the completion of the transaction, the director now directly owns 166,722 shares of the company’s stock, valued at $2,167,386. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have purchased 38,658 shares of company stock worth $501,002. 1.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On WhiteHorse Finance
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. acquired a new stake in shares of WhiteHorse Finance in the second quarter valued at $256,000. Sound Income Strategies LLC grew its stake in shares of WhiteHorse Finance by 10.8% in the second quarter. Sound Income Strategies LLC now owns 341,942 shares of the investment management company’s stock valued at $4,493,000 after buying an additional 33,278 shares in the last quarter. Natixis acquired a new stake in shares of WhiteHorse Finance in the second quarter valued at $217,000. Great West Life Assurance Co. Can acquired a new stake in shares of WhiteHorse Finance in the third quarter valued at $220,000. Finally, Ahrens Investment Partners LLC grew its stake in shares of WhiteHorse Finance by 107.8% in the third quarter. Ahrens Investment Partners LLC now owns 10,025 shares of the investment management company’s stock valued at $111,000 after buying an additional 5,200 shares in the last quarter. Hedge funds and other institutional investors own 12.45% of the company’s stock.
WhiteHorse Finance Stock Up 2.2 %
Shares of WHF stock opened at $13.20 on Monday. The stock’s 50-day simple moving average is $12.99 and its 200-day simple moving average is $13.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market capitalization of $306.81 million, a PE ratio of 15.00 and a beta of 1.26. WhiteHorse Finance has a fifty-two week low of $10.57 and a fifty-two week high of $15.69.
WhiteHorse Finance (NASDAQ:WHF – Get Rating) last posted its earnings results on Monday, November 14th. The investment management company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $21.56 million for the quarter, compared to analyst estimates of $21.18 million. WhiteHorse Finance had a return on equity of 9.19% and a net margin of 24.97%. Equities analysts expect that WhiteHorse Finance will post 1.55 earnings per share for the current year.
WhiteHorse Finance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $1.42 dividend on an annualized basis and a yield of 10.76%. WhiteHorse Finance’s payout ratio is 161.37%.
About WhiteHorse Finance
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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 prefers to invest in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.
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