B. Riley Reaffirms “Buy” Rating for WhiteHorse Finance (NASDAQ:WHF)
B. Riley reiterated their buy rating on shares of WhiteHorse Finance (NASDAQ:WHF) in a report issued on Friday morning, Stock Target Advisor reports. The brokerage currently has a $14.50 target price on the investment management company’s stock.
WHF has been the subject of several other research reports. Zacks Investment Research cut shares of WhiteHorse Finance from a hold rating to a sell rating in a research note on Saturday, October 12th. ValuEngine raised WhiteHorse Finance from a sell rating to a hold rating in a research report on Monday, November 4th. National Securities upgraded WhiteHorse Finance from a neutral rating to a buy rating in a research note on Monday, November 11th. CIBC restated a market perform rating on shares of WhiteHorse Finance in a research note on Thursday, August 8th. Finally, Oppenheimer cut WhiteHorse Finance from an outperform rating to a market perform rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $14.50.
NASDAQ WHF opened at $14.00 on Friday. The stock has a 50 day moving average of $14.12 and a 200-day moving average of $13.89. WhiteHorse Finance has a 12 month low of $11.89 and a 12 month high of $15.00. The company has a market cap of $284.15 million, a PE ratio of 9.33 and a beta of 0.62. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.74.
The business also recently declared a — dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, October 31st will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a dividend yield of 10.2%. WhiteHorse Finance’s payout ratio is 94.67%.
Hedge funds and other institutional investors have recently modified their holdings of the company. AE Wealth Management LLC bought a new stake in shares of WhiteHorse Finance in the 3rd quarter valued at $153,000. Citadel Advisors LLC acquired a new stake in WhiteHorse Finance in the second quarter worth $166,000. PVG Asset Management Corp acquired a new stake in WhiteHorse Finance in the second quarter worth $178,000. Rational Advisors LLC acquired a new stake in WhiteHorse Finance in the second quarter worth $179,000. Finally, Eagle Global Advisors LLC bought a new stake in WhiteHorse Finance in the second quarter valued at $182,000. Hedge funds and other institutional investors own 15.72% of the company’s stock.
About WhiteHorse Finance
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
Further Reading: Oversold
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