WhiteHorse Finance Inc (NASDAQ:WHF) has received an average rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.10.
A number of research firms have recently commented on WHF. Zacks Investment Research upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Thursday, November 1st. TheStreet upgraded WhiteHorse Finance from a “c+” rating to a “b-” rating in a research note on Friday, November 16th. ValuEngine upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. BidaskClub upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Finally, B. Riley reiterated a “buy” rating and issued a $15.00 price objective on shares of WhiteHorse Finance in a research note on Friday, November 2nd.
In other WhiteHorse Finance news, CEO Stuart D. Aronson bought 2,000 shares of WhiteHorse Finance stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average cost of $13.14 per share, with a total value of $26,280.00. Following the acquisition, the chief executive officer now directly owns 16,000 shares of the company’s stock, valued at $210,240. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Francis Burke bought 2,530 shares of WhiteHorse Finance stock in a transaction dated Wednesday, November 14th. The stock was acquired at an average cost of $13.59 per share, for a total transaction of $34,382.70. Following the completion of the acquisition, the director now directly owns 530 shares in the company, valued at $7,202.70. The disclosure for this purchase can be found here. Insiders have purchased 10,530 shares of company stock worth $138,823 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. acquired a new position in WhiteHorse Finance during the 2nd quarter worth $200,000. Macquarie Group Ltd. lifted its holdings in WhiteHorse Finance by 81.6% during the 2nd quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock worth $577,000 after buying an additional 17,861 shares in the last quarter. Millennium Management LLC acquired a new position in WhiteHorse Finance during the 2nd quarter worth $853,000. Legal & General Group Plc acquired a new position in WhiteHorse Finance during the 2nd quarter worth $982,000. Finally, Resource America Inc. lifted its holdings in WhiteHorse Finance by 2.5% during the 2nd quarter. Resource America Inc. now owns 252,260 shares of the investment management company’s stock worth $3,660,000 after buying an additional 6,047 shares in the last quarter. 13.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:WHF opened at $13.18 on Tuesday. WhiteHorse Finance has a fifty-two week low of $10.92 and a fifty-two week high of $15.80. The stock has a market capitalization of $271.82 million, a price-to-earnings ratio of 9.76 and a beta of 0.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.62.
WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Tuesday, November 6th. The investment management company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $15.32 million for the quarter, compared to analyst estimates of $15.61 million. WhiteHorse Finance had a return on equity of 9.76% and a net margin of 100.60%. As a group, analysts predict that WhiteHorse Finance will post 1.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Tuesday, December 18th will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $1.42 annualized dividend and a yield of 10.77%. WhiteHorse Finance’s dividend payout ratio is 105.19%.
WhiteHorse Finance Company Profile
WhiteHorse Finance, LLC is a business development company.
Read More: Return on Equity (ROE)
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