Somewhat Positive Media Coverage Somewhat Unlikely to Affect WhiteHorse Finance (WHF) Stock Price
News articles about WhiteHorse Finance (NASDAQ:WHF) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WhiteHorse Finance earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 46.646589766893 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
WhiteHorse Finance (NASDAQ WHF) opened at 13.43 on Thursday. WhiteHorse Finance has a 12 month low of $10.30 and a 12 month high of $14.75. The company’s 50-day moving average price is $13.89 and its 200 day moving average price is $13.54.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Friday, May 5th. The investment management company reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $13.58 million during the quarter, compared to analyst estimates of $12.10 million. WhiteHorse Finance had a net margin of 65.58% and a return on equity of 10.78%. Equities research analysts predict that WhiteHorse Finance will post $1.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Monday, June 19th were paid a dividend of $0.355 per share. The ex-dividend date was Thursday, June 15th. This represents a $1.42 dividend on an annualized basis and a yield of 10.57%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 73.58%.
Several research analysts have recently commented on WHF shares. Zacks Investment Research raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. ValuEngine raised WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Robert W. Baird raised WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 target price on the stock in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.13.
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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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