BidaskClub downgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a strong sell rating in a research report report published on Thursday, January 4th.
WHF has been the subject of a number of other reports. Ladenburg Thalmann Financial Services initiated coverage on shares of WhiteHorse Finance in a report on Tuesday, December 19th. They issued a neutral rating for the company. Zacks Investment Research lowered shares of WhiteHorse Finance from a hold rating to a sell rating in a report on Saturday, November 11th. Oppenheimer began 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. ValuEngine lowered shares of WhiteHorse Finance from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. Finally, Robert W. Baird lowered shares of WhiteHorse Finance from an outperform rating to a neutral rating and set a $15.00 price objective for the company. in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $15.00.
Shares of WhiteHorse Finance (NASDAQ WHF) opened at $13.17 on Thursday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.64. WhiteHorse Finance has a fifty-two week low of $12.38 and a fifty-two week high of $15.05. The stock has a market cap of $268.56, a P/E ratio of 9.41 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were issued a $0.355 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.42 annualized dividend and a dividend yield of 10.78%. WhiteHorse Finance’s payout ratio is currently 76.34%.
Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new stake in shares of WhiteHorse Finance in the third quarter valued at about $539,000. Goldman Sachs Group Inc. raised its holdings in WhiteHorse Finance by 211.1% in the second quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after purchasing an additional 31,367 shares in the last quarter. Ativo Capital Management LLC bought a new position in WhiteHorse Finance in the second quarter worth about $1,097,000. IFP Advisors Inc bought a new position in WhiteHorse Finance in the third quarter worth about $743,000. Finally, Ares Management LLC raised its holdings in WhiteHorse Finance by 5.5% in the second quarter. Ares Management LLC now owns 411,234 shares of the investment management company’s stock worth $5,498,000 after purchasing an additional 21,345 shares in the last quarter. Hedge funds and other institutional investors own 9.22% of the company’s stock.
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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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