WhiteHorse Finance Inc (NASDAQ:WHF) has been given a consensus rating of “Hold” by the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.30.
WHF has been the subject of a number of recent analyst reports. National Securities raised shares of WhiteHorse Finance from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 17th. B. Riley lowered their target price on shares of WhiteHorse Finance from $14.50 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday. Oppenheimer raised shares of WhiteHorse Finance from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research note on Tuesday, March 3rd. Deutsche Bank lowered their target price on shares of WhiteHorse Finance from $15.50 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, ValuEngine lowered shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, March 17th.
In other news, insider Marco A. Collazos bought 10,000 shares of WhiteHorse Finance stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of $6.08 per share, for a total transaction of $60,800.00. Following the completion of the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at approximately $60,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Bolduc bought 46,425 shares of WhiteHorse Finance stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $11.33 per share, with a total value of $525,995.25. Following the completion of the acquisition, the director now directly owns 157,146 shares of the company’s stock, valued at approximately $1,780,464.18. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 168,225 shares of company stock valued at $1,849,775. 1.20% of the stock is owned by insiders.
Shares of WHF traded up $0.47 during trading hours on Monday, reaching $8.41. 363,585 shares of the company traded hands, compared to its average volume of 187,864. The firm has a market cap of $138.89 million, a price-to-earnings ratio of 5.53 and a beta of 0.62. WhiteHorse Finance has a 12-month low of $5.51 and a 12-month high of $14.86. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average price is $12.26 and its 200 day moving average price is $13.50.
WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Monday, March 2nd. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $17.41 million during the quarter, compared to analyst estimates of $16.49 million. WhiteHorse Finance had a net margin of 45.98% and a return on equity of 9.92%. On average, research analysts forecast that WhiteHorse Finance will post 1.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 27th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 16.88%. The ex-dividend date is Thursday, March 26th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 93.42%.
WhiteHorse Finance Company Profile
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.
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