Critical Analysis: WhiteHorse Finance (WHF) versus Center Coast MLP & Infrastructure Fund (CEN)
WhiteHorse Finance (NASDAQ: WHF) and Center Coast MLP & Infrastructure Fund (NYSE:CEN) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, risk, analyst recommendations, profitability, dividends, earnings and valuation.
Earnings & Valuation
This table compares WhiteHorse Finance and Center Coast MLP & Infrastructure Fund’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Center Coast MLP & Infrastructure Fund||N/A||N/A||N/A||N/A||N/A|
This table compares WhiteHorse Finance and Center Coast MLP & Infrastructure Fund’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Center Coast MLP & Infrastructure Fund||N/A||N/A||N/A|
This is a breakdown of current recommendations and price targets for WhiteHorse Finance and Center Coast MLP & Infrastructure Fund, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Center Coast MLP & Infrastructure Fund||0||0||0||0||N/A|
WhiteHorse Finance presently has a consensus price target of $15.00, indicating a potential upside of 3.73%. Given WhiteHorse Finance’s higher possible upside, equities analysts clearly believe WhiteHorse Finance is more favorable than Center Coast MLP & Infrastructure Fund.
Insider & Institutional Ownership
9.6% of WhiteHorse Finance shares are owned by institutional investors. 1.4% of WhiteHorse Finance shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
WhiteHorse Finance pays an annual dividend of $1.42 per share and has a dividend yield of 9.8%. Center Coast MLP & Infrastructure Fund does not pay a dividend. WhiteHorse Finance pays out 75.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
WhiteHorse Finance beats Center Coast MLP & Infrastructure Fund on 8 of the 9 factors compared between the two stocks.
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. The Company may also make investments at other levels of a company’s capital structure, including mezzanine loans or equity interests. The Company also may receive warrants to purchase common stock in connection with its debt investments. Its investment advisor is H.I.G. WhiteHorse Advisers, LLC.
About Center Coast MLP & Infrastructure Fund
Center Coast MLP & Infrastructure Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on distributions to shareholders. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of master limited partnerships (MLPs) and energy infrastructure companies. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in securities of MLPs and energy infrastructure companies. The Fund may invest up to 20% of its Managed Assets in unregistered or restricted securities, including securities issued by private companies. Its private investments may include investments in entities formed to own and operate particular energy infrastructure assets. The Fund invests in various sectors, such as fuel distribution and marketing, and natural gas transportation and storage. The Fund’s advisor is Center Coast Capital Advisors, LP.
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