WhiteHorse Finance Inc. (NASDAQ:WHF) Given Average Recommendation of “Buy” by Analysts
WhiteHorse Finance Inc. (NASDAQ:WHF) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.50.
A number of equities research analysts have weighed in on WHF shares. Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, May 25th. TheStreet raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Robert W. Baird downgraded shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $12.00 price target for the company. in a report on Tuesday, August 9th. Deutsche Bank AG set a $13.50 price target on shares of WhiteHorse Finance and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Citigroup Inc. upped their price target on shares of WhiteHorse Finance from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, September 14th.
Shares of WhiteHorse Finance (NASDAQ:WHF) opened at 11.25 on Wednesday. WhiteHorse Finance has a 12-month low of $9.14 and a 12-month high of $13.75. The company has a 50-day moving average of $11.58 and a 200-day moving average of $10.76.
WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Friday, August 5th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. WhiteHorse Finance had a net margin of 0.62% and a return on equity of 8.50%. Equities analysts forecast that WhiteHorse Finance will post $1.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 12.62%. The ex-dividend date is Thursday, September 15th. WhiteHorse Finance’s dividend payout ratio is presently -1,014.21%.
A number of hedge funds have recently bought and sold shares of the stock. Nantahala Capital Management LLC raised its stake in WhiteHorse Finance by 18.8% in the first quarter. Nantahala Capital Management LLC now owns 235,669 shares of the investment management company’s stock worth $2,446,000 after buying an additional 37,347 shares in the last quarter. Orinda Asset Management LLC purchased a new stake in WhiteHorse Finance during the second quarter worth approximately $655,000. Vivaldi Asset Management LLC purchased a new stake in WhiteHorse Finance during the first quarter worth approximately $655,000. Nuveen Fund Advisors LLC purchased a new stake in WhiteHorse Finance during the second quarter worth approximately $393,000. Finally, Baird Financial Group Inc. raised its stake in WhiteHorse Finance by 4.9% in the second quarter. Baird Financial Group Inc. now owns 25,554 shares of the investment management company’s stock worth $276,000 after buying an additional 1,203 shares in the last quarter. 10.64% of the stock is owned by institutional investors.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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