StockNews.com Upgrades WhiteHorse Finance (NASDAQ:WHF) to “Buy”

StockNews.com upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a hold rating to a buy rating in a report issued on Friday morning.

A number of other equities analysts also recently weighed in on WHF. JPMorgan Chase & Co. lowered their price target on WhiteHorse Finance from $12.00 to $11.50 and set an underweight rating on the stock in a research report on Friday, March 1st. B. Riley lowered WhiteHorse Finance from a buy rating to a neutral rating and set a $13.25 target price on the stock. in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $12.81.

WhiteHorse Finance Trading Down 1.8 %

Shares of WhiteHorse Finance stock opened at $12.79 on Friday. The stock has a market cap of $297.24 million, a P/E ratio of 14.53 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.22. WhiteHorse Finance has a 12-month low of $11.13 and a 12-month high of $13.69. The business’s 50 day moving average is $12.55 and its 200-day moving average is $12.48.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Thursday, February 29th. The investment management company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. Equities research analysts predict that WhiteHorse Finance will post 1.81 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 22nd were issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 12.04%. The ex-dividend date of this dividend was Thursday, March 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 175.00%.

Institutional Trading of WhiteHorse Finance

A number of institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in WhiteHorse Finance by 1,130.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company’s stock valued at $30,000 after buying an additional 2,260 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of WhiteHorse Finance in the 4th quarter valued at approximately $89,000. NewEdge Wealth LLC bought a new stake in shares of WhiteHorse Finance during the 3rd quarter valued at approximately $145,000. Raymond James Financial Services Advisors Inc. acquired a new position in WhiteHorse Finance during the 4th quarter worth approximately $168,000. Finally, Acadian Asset Management LLC bought a new position in WhiteHorse Finance in the 3rd quarter valued at approximately $248,000. Institutional investors own 13.20% of the company’s stock.

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.