WhiteHorse Finance, Inc. (NASDAQ:WHF) Given Average Recommendation of "Reduce" by Analysts

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the four analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.25.

WHF has been the subject of several research reports. StockNews.com downgraded WhiteHorse Finance from a "buy" rating to a "hold" rating in a research note on Friday. Oppenheimer downgraded shares of WhiteHorse Finance from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $14.00 to $12.00 in a research note on Monday. JPMorgan Chase & Co. cut their target price on WhiteHorse Finance from $12.50 to $11.50 and set an "underweight" rating for the company in a research note on Monday, July 29th. Finally, Raymond James reissued a "market perform" rating on shares of WhiteHorse Finance in a report on Friday.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WHF. Marshall Wace LLP purchased a new stake in shares of WhiteHorse Finance in the 2nd quarter worth about $647,000. Sound Income Strategies LLC raised its position in shares of WhiteHorse Finance by 5.3% in the 2nd quarter. Sound Income Strategies LLC now owns 855,223 shares of the investment management company's stock worth $10,494,000 after acquiring an additional 42,828 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in WhiteHorse Finance in the second quarter worth $357,000. Advisors Asset Management Inc. raised its holdings in WhiteHorse Finance by 12.6% in the third quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company's stock worth $2,232,000 after purchasing an additional 21,616 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in WhiteHorse Finance by 16.0% during the second quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company's stock valued at $813,000 after buying an additional 8,866 shares during the period. Hedge funds and other institutional investors own 13.20% of the company's stock.

WhiteHorse Finance Stock Performance

Shares of WHF traded down $0.41 on Monday, reaching $10.66. 215,328 shares of the company's stock traded hands, compared to its average volume of 82,640. The stock's 50 day simple moving average is $11.75 and its two-hundred day simple moving average is $12.18. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.15. WhiteHorse Finance has a 52-week low of $10.66 and a 52-week high of $13.44. The stock has a market cap of $247.74 million, a PE ratio of 24.33 and a beta of 1.28.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The investment management company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). The firm had revenue of $23.48 million during the quarter, compared to analysts' expectations of $24.72 million. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.68%. During the same quarter in the previous year, the company posted $0.46 EPS. On average, analysts forecast that WhiteHorse Finance will post 1.68 earnings per share for the current fiscal year.

WhiteHorse Finance Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.385 per share. This is a boost from WhiteHorse Finance's previous -- dividend of $0.05. This represents a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, December 20th. WhiteHorse Finance's dividend payout ratio (DPR) is 342.23%.

WhiteHorse Finance Company Profile

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.