WhiteHorse Finance, Inc. (WHF) Receives Consensus Rating of “Buy” from Analysts
WhiteHorse Finance, Inc. (NASDAQ:WHF) has received a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $13.50.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Robert W. Baird upgraded WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Thursday, June 29th. Finally, ValuEngine upgraded WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd.
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A number of hedge funds and other institutional investors have recently made changes to their positions in WHF. UBS Group AG increased its position in shares of WhiteHorse Finance by 2.3% in the first quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock worth $4,024,000 after buying an additional 6,584 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of WhiteHorse Finance during the first quarter worth about $476,000. Janney Montgomery Scott LLC acquired a new position in shares of WhiteHorse Finance during the first quarter worth about $273,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of WhiteHorse Finance during the first quarter worth about $205,000. Hedge funds and other institutional investors own 11.54% of the company’s stock.
WhiteHorse Finance (NASDAQ WHF) opened at 13.32 on Tuesday. The company has a 50 day moving average of $13.81 and a 200 day moving average of $13.56. WhiteHorse Finance has a 1-year low of $10.30 and a 1-year high of $14.75.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Friday, May 5th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. WhiteHorse Finance had a return on equity of 10.78% and a net margin of 65.58%. The business had revenue of $13.58 million during the quarter, compared to the consensus estimate of $12.10 million. On average, analysts anticipate that WhiteHorse Finance will post $1.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Monday, June 19th were paid a $0.355 dividend. The ex-dividend date was Thursday, June 15th. This represents a $1.42 dividend on an annualized basis and a yield of 10.66%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 73.58%.
About WhiteHorse Finance
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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