WhiteHorse Finance (NASDAQ:WHF) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a hold rating to a buy rating in a research report sent to investors on Friday.

Several other research analysts have also recently weighed in on WHF. JPMorgan Chase & Co. decreased their target price on WhiteHorse Finance from $12.00 to $11.50 and set an underweight rating for the company in a research note on Friday, March 1st. B. Riley cut WhiteHorse Finance from a buy rating to a neutral rating and set a $13.25 target price for the company. in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $12.81.

WhiteHorse Finance Trading Down 0.2 %

NASDAQ:WHF opened at $12.76 on Friday. WhiteHorse Finance has a 1 year low of $11.14 and a 1 year high of $13.69. The stock has a market cap of $296.54 million, a price-to-earnings ratio of 14.50 and a beta of 1.25. The business has a fifty day moving average of $12.56 and a 200-day moving average of $12.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.36 and a current ratio of 1.36.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The company had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. Equities analysts predict that WhiteHorse Finance will post 1.81 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 22nd were paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 12.07%. The ex-dividend date was Thursday, March 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 175.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WHF. Sound Income Strategies LLC grew its holdings in WhiteHorse Finance by 7.8% in the 1st quarter. Sound Income Strategies LLC now owns 812,395 shares of the investment management company’s stock valued at $10,074,000 after buying an additional 58,463 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of WhiteHorse Finance by 121.4% during the 4th quarter. Quadrature Capital Ltd now owns 62,643 shares of the investment management company’s stock worth $772,000 after purchasing an additional 34,353 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth approximately $402,000. Virtus ETF Advisers LLC grew its holdings in shares of WhiteHorse Finance by 74.2% during the 3rd quarter. Virtus ETF Advisers LLC now owns 57,966 shares of the investment management company’s stock worth $740,000 after purchasing an additional 24,681 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of WhiteHorse Finance by 8.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock worth $3,581,000 after purchasing an additional 20,882 shares in the last quarter. 13.20% of the stock is owned by institutional investors.

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.