WhiteHorse Finance Inc. (NASDAQ:WHF) Given Average Recommendation of “Buy” by Analysts
Shares of WhiteHorse Finance Inc. (NASDAQ:WHF) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the company. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.50.
Several research firms have recently issued reports on WHF. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Saturday, September 3rd. Robert W. Baird lowered WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Tuesday, August 9th. TheStreet upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Deutsche Bank AG set a $13.50 target price on WhiteHorse Finance and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Citigroup Inc. boosted their target price on WhiteHorse Finance from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, September 14th.
Institutional investors have recently added to or reduced their stakes in the stock. Nuveen Fund Advisors LLC acquired a new position in WhiteHorse Finance during the second quarter valued at $393,000. Baird Financial Group Inc. boosted its position 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 valued at $276,000 after buying an additional 1,203 shares during the period. Orinda Asset Management LLC acquired a new position in WhiteHorse Finance during the second quarter valued at $655,000. Nantahala Capital Management LLC boosted its position 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 valued at $2,446,000 after buying an additional 37,347 shares during the period. Finally, Vivaldi Asset Management LLC acquired a new position in WhiteHorse Finance during the first quarter valued at $655,000. Institutional investors and hedge funds own 10.64% of the company’s stock.
WhiteHorse Finance (NASDAQ:WHF) opened at 11.25 on Wednesday. The company has a 50-day moving average price of $11.58 and a 200-day moving average price of $10.76. WhiteHorse Finance has a 12-month low of $9.14 and a 12-month high of $13.75.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data on Friday, August 5th. The investment management company reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. WhiteHorse Finance had a return on equity of 8.50% and a net margin of 0.62%. Equities research analysts forecast that WhiteHorse Finance will post $1.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 12.62%. The ex-dividend date of this dividend is Thursday, September 15th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently -1,014.21%.
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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