WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives $12.81 Consensus PT from Analysts

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have been given an average rating of “Hold” by the four research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.81.

A number of analysts have recently issued reports on WHF shares. JPMorgan Chase & Co. reduced their price target on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research report on Friday, March 1st. StockNews.com lowered shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th.

Insider Buying and Selling at WhiteHorse Finance

In other WhiteHorse Finance news, major shareholder Anthony Tamer sold 1,000,000 shares of WhiteHorse Finance stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $12.15, for a total value of $12,150,000.00. Following the completion of the sale, the insider now directly owns 3,976,258 shares in the company, valued at $48,311,534.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of WhiteHorse Finance

A number of institutional investors have recently added to or reduced their stakes in WHF. Avantax Advisory Services Inc. raised its position in shares of WhiteHorse Finance by 13.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 21,198 shares of the investment management company’s stock valued at $261,000 after purchasing an additional 2,458 shares during the period. Advisors Asset Management Inc. raised its position in shares of WhiteHorse Finance by 8.0% in the third quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock valued at $3,581,000 after purchasing an additional 20,882 shares during the period. Toroso Investments LLC raised its position in shares of WhiteHorse Finance by 6.4% in the third quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock valued at $774,000 after purchasing an additional 3,668 shares during the period. Sound Income Strategies LLC raised its position in shares of WhiteHorse Finance by 6.3% in the fourth quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock valued at $9,273,000 after purchasing an additional 44,420 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in WhiteHorse Finance by 50.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 61,800 shares of the investment management company’s stock worth $760,000 after acquiring an additional 20,800 shares during the period. 13.20% of the stock is currently owned by institutional investors and hedge funds.

WhiteHorse Finance Price Performance

NASDAQ WHF opened at $12.45 on Monday. The company has a 50 day simple moving average of $12.88 and a 200-day simple moving average of $12.66. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $303.32 million, a price-to-earnings ratio of 15.18 and a beta of 1.27. WhiteHorse Finance has a 52-week low of $11.48 and a 52-week high of $13.69.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Wednesday, May 8th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $25.48 million during the quarter, compared to analyst estimates of $24.90 million. WhiteHorse Finance had a net margin of 18.40% and a return on equity of 13.40%. Equities research analysts predict that WhiteHorse Finance will post 1.8 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 12.37%. The ex-dividend date is Tuesday, June 18th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 187.81%.

About WhiteHorse Finance

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.