Shares of WhiteHorse Finance Inc (NASDAQ:WHF) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.83.
A number of brokerages recently commented on WHF. BidaskClub cut WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Zacks Investment Research raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Oppenheimer cut WhiteHorse Finance from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. CIBC reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a research note on Thursday, August 8th. Finally, Raymond James began coverage on WhiteHorse Finance in a research note on Tuesday, June 18th. They set an “outperform” rating and a $16.00 price objective for the company.
In other WhiteHorse Finance news, Director Kevin Francis Burke bought 3,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was purchased at an average cost of $14.00 per share, with a total value of $42,000.00. Following the completion of the purchase, the director now owns 7,530 shares in the company, valued at $105,420. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Anthony Tamer sold 229,328 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $14.00, for a total value of $3,210,592.00. Following the completion of the transaction, the insider now directly owns 6,026 shares of the company’s stock, valued at $84,364. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Shares of WHF opened at $13.16 on Friday. The company has a fifty day simple moving average of $13.85. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.56. WhiteHorse Finance has a 52-week low of $11.89 and a 52-week high of $15.00. The company has a market cap of $272.23 million, a P/E ratio of 8.77 and a beta of 0.60.
WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Wednesday, August 7th. The investment management company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $15.98 million during the quarter, compared to the consensus estimate of $16.08 million. WhiteHorse Finance had a return on equity of 9.61% and a net margin of 62.01%. On average, sell-side analysts forecast that WhiteHorse Finance will post 1.44 EPS for the current fiscal year.
About WhiteHorse Finance
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
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