WhiteHorse Finance (WHF) Receiving Somewhat Favorable Media Coverage, Report Finds
Media coverage about WhiteHorse Finance (NASDAQ:WHF) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. WhiteHorse Finance earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 45.6438400352192 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
WhiteHorse Finance (NASDAQ WHF) opened at $13.17 on Monday. WhiteHorse Finance has a twelve month low of $12.38 and a twelve month high of $15.05. The stock has a market capitalization of $270.41, a P/E ratio of 7.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.04). WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%. equities research analysts predict that WhiteHorse Finance will post 1.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date was Friday, December 15th. WhiteHorse Finance’s payout ratio is presently 76.34%.
A number of research analysts have issued reports on WHF shares. Ladenburg Thalmann Financial Services started coverage on WhiteHorse Finance in a report on Tuesday, December 19th. They issued a “neutral” rating for the company. Robert W. Baird downgraded WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Monday, October 23rd. ValuEngine downgraded WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Oppenheimer started coverage on WhiteHorse Finance in a report on Thursday, November 30th. They issued a “buy” rating and a $15.00 price target for the company. Finally, Zacks Investment Research raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.00.
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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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