WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives $10.00 Consensus Target Price from Analysts

WhiteHorse Finance, Inc. (NASDAQ:WHF) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $9.1667.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Saturday, September 27th. LADENBURG THALM/SH SH raised shares of WhiteHorse Finance to a “hold” rating in a research report on Friday, August 8th. Zacks Research cut shares of WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research note on Friday, September 12th. Finally, B. Riley decreased their price objective on shares of WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 13th.

Hedge Funds Weigh In On WhiteHorse Finance

Several large investors have recently made changes to their positions in WHF. Cambridge Investment Research Advisors Inc. increased its holdings in WhiteHorse Finance by 26.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,799 shares of the investment management company’s stock worth $442,000 after acquiring an additional 9,709 shares in the last quarter. Millennium Management LLC increased its holdings in WhiteHorse Finance by 172.4% in the 4th quarter. Millennium Management LLC now owns 129,981 shares of the investment management company’s stock worth $1,258,000 after acquiring an additional 82,263 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of WhiteHorse Finance during the fourth quarter worth $241,000. Sound Income Strategies LLC grew its holdings in shares of 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 worth $9,779,000 after buying an additional 48,078 shares in the last quarter. Finally, Northstar Advisory Group LLC purchased a new stake in shares of WhiteHorse Finance during the second quarter worth $87,000. 13.20% of the stock is currently owned by institutional investors and hedge funds.

WhiteHorse Finance Price Performance

WhiteHorse Finance stock opened at $6.98 on Wednesday. The firm has a 50-day moving average price of $8.32 and a 200-day moving average price of $8.88. The firm has a market capitalization of $162.24 million, a PE ratio of 46.54 and a beta of 0.75. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.32. WhiteHorse Finance has a 12-month low of $6.57 and a 12-month high of $12.18.

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

WhiteHorse Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 22.1%. The ex-dividend date was Friday, September 19th. WhiteHorse Finance’s payout ratio is presently 1,026.67%.

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.