Brokerages Set WhiteHorse Finance, Inc. (NASDAQ:WHF) PT at $12.38

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have been given a consensus rating of “Reduce” by the four ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and three have assigned a hold 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 $12.25.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a report on Monday, July 29th. StockNews.com cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. Finally, Oppenheimer cut WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their target price for the company from $14.00 to $12.00 in a research note on Monday, November 11th.

WhiteHorse Finance Trading Up 0.9 %

WHF opened at $10.62 on Monday. The company has a fifty day moving average of $11.65 and a 200-day moving average of $12.13. WhiteHorse Finance has a twelve month low of $10.48 and a twelve month high of $13.44. The stock has a market cap of $246.81 million, a PE ratio of 23.60 and a beta of 1.28. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19.

WhiteHorse Finance Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from WhiteHorse Finance’s previous — dividend of $0.05. This represents a yield of 13.9%. WhiteHorse Finance’s dividend payout ratio is currently 342.23%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sanders Morris Harris LLC boosted its position in WhiteHorse Finance by 3.1% during the 2nd quarter. Sanders Morris Harris LLC now owns 32,244 shares of the investment management company’s stock valued at $396,000 after purchasing an additional 956 shares during the period. International Assets Investment Management LLC boosted its position in shares of WhiteHorse Finance by 1,057.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 2,114 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of WhiteHorse Finance by 19.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock valued at $227,000 after buying an additional 3,013 shares in the last quarter. EntryPoint Capital LLC purchased a new position in WhiteHorse Finance in the 1st quarter worth about $39,000. Finally, Blue Trust Inc. grew its position in WhiteHorse Finance by 15.2% during the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock worth $466,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 13.20% of the company’s stock.

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.