According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “
Other equities analysts have also recently issued reports about the stock. Citigroup Inc. lifted their price objective on shares of WhiteHorse Finance from $11.00 to $12.00 and gave the stock a buy rating in a research report on Wednesday, September 14th. Deutsche Bank AG set a $13.50 price objective on shares of WhiteHorse Finance and gave the stock a buy rating in a research report on Thursday, August 11th. TheStreet upgraded shares of WhiteHorse Finance from a hold rating to a buy rating in a research report on Friday, August 5th. Finally, Robert W. Baird cut shares of WhiteHorse Finance from an outperform rating to a neutral rating and set a $12.00 price objective on the stock. in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. WhiteHorse Finance presently has a consensus rating of Buy and a consensus target price of $12.40.
WhiteHorse Finance (NASDAQ:WHF) opened at 10.82 on Friday. The company has a 50 day moving average price of $11.39 and a 200 day moving average price of $10.87. WhiteHorse Finance has a 12 month low of $9.14 and a 12 month high of $13.68.
WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Friday, August 5th. The investment management company reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. WhiteHorse Finance had a return on equity of 8.50% and a net margin of 0.62%. On average, equities analysts predict that WhiteHorse Finance will post $1.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 13.12%. The ex-dividend date was Thursday, September 15th. WhiteHorse Finance’s dividend payout ratio is currently -1,014.21%.
Several large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its stake in WhiteHorse Finance by 4.9% in the second quarter. Baird Financial Group Inc. now owns 25,554 shares of the investment management company’s stock valued at $276,000 after buying an additional 1,203 shares during the last quarter. Nuveen Fund Advisors LLC acquired a new stake in WhiteHorse Finance during the second quarter valued at about $393,000. Orinda Asset Management LLC acquired a new stake in WhiteHorse Finance during the second quarter valued at about $655,000. Finally, Nantahala Capital Management LLC raised its stake in WhiteHorse Finance by 18.8% in the first quarter. Nantahala Capital Management LLC now owns 235,669 shares of the investment management company’s stock valued at $2,446,000 after buying an additional 37,347 shares during the last quarter. 10.64% of the stock is owned by institutional investors and hedge funds.
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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