WhiteHorse Finance (NASDAQ:WHF) Downgraded by Oppenheimer to Market Perform

Oppenheimer cut shares of WhiteHorse Finance (NASDAQ:WHF) from an outperform rating to a market perform rating in a research report report published on Monday, Marketbeat Ratings reports. They currently have $12.00 price target on the investment management company’s stock, down from their previous price target of $14.00.

WHF has been the subject of several other reports. StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a research report on Monday, July 29th. Finally, Raymond James reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.25.

WhiteHorse Finance Trading Up 0.1 %

WHF stock opened at $10.53 on Monday. The company has a market capitalization of $244.72 million, a PE ratio of 23.40 and a beta of 1.28. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98. WhiteHorse Finance has a one year low of $10.48 and a one year high of $13.44. The company’s 50 day moving average price is $11.68 and its two-hundred day moving average price is $12.14.

WhiteHorse Finance Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.385 dividend. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. This represents a dividend yield of 13.9%. The ex-dividend date is Friday, December 20th. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 342.23%.

Hedge Funds Weigh In On WhiteHorse Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in WHF. International Assets Investment Management LLC boosted its position in 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 acquiring an additional 2,114 shares in the last quarter. Marshall Wace LLP bought a new position in WhiteHorse Finance in the second quarter worth $647,000. CANADA LIFE ASSURANCE Co grew its position in shares of WhiteHorse Finance by 19.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock worth $227,000 after buying an additional 3,013 shares during the period. EntryPoint Capital LLC purchased a new position in WhiteHorse Finance during the 1st quarter valued at about $39,000. Finally, Atria Wealth Solutions Inc. grew its holdings in WhiteHorse Finance by 16.0% in the second quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company’s stock worth $813,000 after purchasing an additional 8,866 shares during the period. 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.