WhiteHorse Finance, Inc. (WHF) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.00.
A number of research analysts have recently weighed in on the stock. BidaskClub cut shares of WhiteHorse Finance from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 4th. Ladenburg Thalmann Financial Services assumed coverage on shares of WhiteHorse Finance in a research note on Tuesday, December 19th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Oppenheimer assumed coverage on shares of WhiteHorse Finance in a research note on Thursday, November 30th. They set a “buy” rating and a $15.00 price objective for the company. Finally, ValuEngine cut shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th.
WhiteHorse Finance (WHF) opened at $13.17 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.02 and a current ratio of 3.02. WhiteHorse Finance has a 12 month low of $12.38 and a 12 month high of $15.05. The firm has a market cap of $268.56, a P/E ratio of 7.08 and a beta of 0.72.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.78%. WhiteHorse Finance’s dividend payout ratio (DPR) is 76.34%.
A number of hedge funds have recently added to or reduced their stakes in WHF. JPMorgan Chase & Co. purchased a new stake in WhiteHorse Finance in the 2nd quarter worth approximately $191,000. AJO LP purchased a new stake in WhiteHorse Finance in the 2nd quarter worth approximately $216,000. Ativo Capital Management LLC purchased a new stake in WhiteHorse Finance in the 2nd quarter worth approximately $1,097,000. OxFORD Asset Management LLP purchased a new stake in WhiteHorse Finance in the 2nd quarter worth approximately $200,000. Finally, Goldman Sachs Group Inc. grew its stake in WhiteHorse Finance by 211.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after acquiring an additional 31,367 shares during the period. 9.22% of the stock is owned by hedge funds and other institutional investors.
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About WhiteHorse Finance
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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