WhiteHorse Finance, Inc. (NASDAQ:WHF) has received an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.00.
Several analysts recently issued reports on WHF shares. BidaskClub lowered WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, September 1st. ValuEngine upgraded WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Robert W. Baird lowered WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Monday, October 23rd. Zacks Investment Research lowered WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. Finally, Oppenheimer started coverage on WhiteHorse Finance in a research note on Thursday, November 30th. They issued a “buy” rating and a $15.00 price objective on the stock.
A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew 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 valued at $618,000 after purchasing an additional 31,367 shares during the last quarter. Ativo Capital Management LLC acquired a new position in shares of WhiteHorse Finance in the second quarter valued at approximately $1,097,000. IFP Advisors Inc acquired a new position in shares of WhiteHorse Finance in the third quarter valued at approximately $743,000. Macquarie Group Ltd. acquired a new position in shares of WhiteHorse Finance in the third quarter valued at approximately $539,000. Finally, Ares Management LLC grew its position in shares of WhiteHorse Finance by 5.5% in the second quarter. Ares Management LLC now owns 411,234 shares of the investment management company’s stock valued at $5,498,000 after purchasing an additional 21,345 shares during the last quarter. Hedge funds and other institutional investors own 9.22% of the company’s stock.
WhiteHorse Finance (WHF) traded down $0.02 on Tuesday, reaching $13.80. The company had a trading volume of 37,300 shares, compared to its average volume of 70,919. WhiteHorse Finance has a fifty-two week low of $12.06 and a fifty-two week high of $15.05. The company has a market capitalization of $282.31, a price-to-earnings ratio of 7.42 and a beta of 0.74. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be paid a $0.355 dividend. The ex-dividend date is Friday, December 15th. This represents a $1.42 annualized dividend and a yield of 10.29%. WhiteHorse Finance’s dividend payout ratio is 76.34%.
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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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