WhiteHorse Finance, Inc. (NASDAQ:WHF) Given Average Recommendation of “Reduce” by Brokerages

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have been given an average rating of “Reduce” by the five research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $10.00.

WHF has been the topic of several research reports. LADENBURG THALM/SH SH raised WhiteHorse Finance to a “hold” rating in a research report on Friday, August 8th. B. Riley reduced their price target on WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 13th.

Institutional Investors Weigh In On WhiteHorse Finance

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in WhiteHorse Finance during the fourth quarter worth approximately $39,000. Northstar Advisory Group LLC acquired a new stake in WhiteHorse Finance during the second quarter worth approximately $87,000. Snowden Capital Advisors LLC acquired a new stake in WhiteHorse Finance during the fourth quarter worth approximately $101,000. Oxford Asset Management LLP bought a new stake in WhiteHorse Finance during the second quarter worth $105,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of WhiteHorse Finance in the 4th quarter valued at $154,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Price Performance

WhiteHorse Finance stock opened at $8.72 on Friday. WhiteHorse Finance has a 12 month low of $8.36 and a 12 month high of $12.42. The stock’s 50 day moving average is $8.71 and its 200-day moving average is $9.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $202.65 million, a price-to-earnings ratio of 58.14 and a beta of 0.80.

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

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.54 dividend on an annualized basis and a yield of 17.7%. WhiteHorse Finance’s dividend payout ratio is currently 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.