Zacks Investment Research upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a hold rating in a research note issued to investors on Saturday, January 13th.
According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “
A number of other equities analysts also recently commented on WHF. BidaskClub downgraded WhiteHorse Finance from a sell rating to a strong sell rating in a report on Thursday, January 4th. Ladenburg Thalmann Financial Services assumed coverage on WhiteHorse Finance in a report on Tuesday, December 19th. They set a neutral rating on the stock. Oppenheimer started coverage on WhiteHorse Finance in a report on Thursday, November 30th. They set a buy rating and a $15.00 target price on the stock. ValuEngine lowered WhiteHorse Finance from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. Finally, Robert W. Baird lowered 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 analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $15.00.
Shares of WhiteHorse Finance (WHF) opened at $13.13 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $269.58, a price-to-earnings ratio of 7.06 and a beta of 0.72. WhiteHorse Finance has a twelve month low of $12.38 and a twelve month high of $15.05.
WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%. equities research analysts forecast that WhiteHorse Finance will post 1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were paid a $0.355 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.42 dividend on an annualized basis and a yield of 10.81%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 76.34%.
A number of hedge funds and other institutional investors have recently modified their holdings of WHF. JPMorgan Chase & Co. purchased a new position in WhiteHorse Finance in the second quarter valued at about $191,000. AJO LP acquired a new stake in shares of WhiteHorse Finance in the second quarter worth about $216,000. Ativo Capital Management LLC acquired a new stake in shares of WhiteHorse Finance in the second quarter worth about $1,097,000. OxFORD Asset Management LLP acquired a new stake in shares of WhiteHorse Finance in the second quarter worth about $200,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of 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 buying an additional 31,367 shares during the last quarter. Hedge funds and other institutional investors own 9.22% of the company’s stock.
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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