WhiteHorse Finance, Inc. (NASDAQ:WHF) Given Consensus Recommendation of “Hold” by Analysts

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Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) have received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.60.

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Several equities analysts have commented on the stock. B. Riley assumed coverage on shares of WhiteHorse Finance in a report on Friday, October 14th. They issued a “buy” rating and a $12.00 price objective on the stock. LADENBURG THALM/SH SH decreased their price objective on shares of WhiteHorse Finance to $14.00 in a report on Thursday, November 17th. StockNews.com assumed coverage on shares of WhiteHorse Finance in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Raymond James decreased their price objective on shares of WhiteHorse Finance from $15.50 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, November 22nd. Finally, TheStreet downgraded shares of WhiteHorse Finance from a “b-” rating to a “c” rating in a report on Thursday, December 1st.

Insider Transactions at WhiteHorse Finance

In related news, Director John Bolduc bought 7,690 shares of the company’s stock in a transaction dated Monday, December 5th. The stock was purchased at an average price of $13.00 per share, with a total value of $99,970.00. Following the completion of the acquisition, the director now owns 166,722 shares of the company’s stock, valued at $2,167,386. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders purchased 38,658 shares of company stock valued at $501,002. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WHF. Ronald Blue Trust Inc. bought a new position in WhiteHorse Finance during the 2nd quarter worth approximately $256,000. Natixis bought a new position in WhiteHorse Finance during the 2nd quarter worth approximately $217,000. Virtus ETF Advisers LLC raised its holdings in WhiteHorse Finance by 8.2% during the 2nd quarter. Virtus ETF Advisers LLC now owns 48,214 shares of the investment management company’s stock worth $634,000 after purchasing an additional 3,657 shares during the last quarter. Capital Analysts LLC bought a new position in WhiteHorse Finance during the 2nd quarter worth approximately $37,000. Finally, Avantax Advisory Services Inc. raised its holdings in WhiteHorse Finance by 10.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 17,322 shares of the investment management company’s stock worth $228,000 after purchasing an additional 1,576 shares during the last quarter. Institutional investors own 12.45% of the company’s stock.

WhiteHorse Finance Stock Performance

Shares of WHF stock opened at $13.04 on Friday. The company’s fifty day simple moving average is $13.15 and its 200-day simple moving average is $13.21. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The firm has a market cap of $303.05 million, a PE ratio of 14.82 and a beta of 1.27. WhiteHorse Finance has a 12 month low of $10.57 and a 12 month high of $15.55.

WhiteHorse Finance (NASDAQ:WHF – Get Rating) last posted its quarterly earnings results on Monday, November 14th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. WhiteHorse Finance had a net margin of 24.97% and a return on equity of 9.19%. The firm had revenue of $21.56 million for the quarter, compared to analyst estimates of $21.18 million. Equities research analysts expect that WhiteHorse Finance will post 1.55 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st were issued a $0.355 dividend. The ex-dividend date was Tuesday, December 20th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.89%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 161.37%.

About WhiteHorse Finance

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WhiteHorse Finance, Inc is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Our stock is publicly traded on the NASDAQ exchange under the ticker symbol ”WHF”. We have senior notes listed on the NASDAQ exchange under the ticker symbol “WHFBL“.