JPMorgan Chase & Co. Issues Pessimistic Forecast for WhiteHorse Finance (NASDAQ:WHF) Stock Price

WhiteHorse Finance (NASDAQ:WHF - Free Report) had its target price decreased by JPMorgan Chase & Co. from $9.50 to $9.00 in a research note published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the investment management company's stock.

Separately, Oppenheimer cut WhiteHorse Finance from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $14.00 to $12.00 in a research note on Monday, November 11th.

WhiteHorse Finance Trading Up 1.8 %

Shares of NASDAQ:WHF traded up $0.18 on Monday, reaching $9.91. 69,119 shares of the company traded hands, compared to its average volume of 94,716. The business's 50-day simple moving average is $10.36 and its 200 day simple moving average is $10.88. WhiteHorse Finance has a 52 week low of $9.45 and a 52 week high of $13.44. The stock has a market capitalization of $230.34 million, a P/E ratio of 22.02 and a beta of 1.25. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19.

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WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last announced its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. The company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $22.43 million. During the same period last year, the business posted $0.46 earnings per share. As a group, equities analysts anticipate that WhiteHorse Finance will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.385 per share. The ex-dividend date is Friday, March 21st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 15.54%. WhiteHorse Finance's dividend payout ratio is currently 327.66%.

Institutional Trading of WhiteHorse Finance

A number of institutional investors have recently modified their holdings of the company. Two Sigma Investments LP boosted its holdings in shares of WhiteHorse Finance by 19.5% during the fourth quarter. Two Sigma Investments LP now owns 211,790 shares of the investment management company's stock worth $2,050,000 after purchasing an additional 34,570 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of WhiteHorse Finance by 8.5% during the fourth quarter. Two Sigma Advisers LP now owns 319,652 shares of the investment management company's stock worth $3,094,000 after purchasing an additional 25,000 shares during the period. Tidal Investments LLC boosted its holdings in shares of WhiteHorse Finance by 2.3% during the fourth quarter. Tidal Investments LLC now owns 49,460 shares of the investment management company's stock worth $479,000 after purchasing an additional 1,110 shares during the period. Snowden Capital Advisors LLC purchased a new stake in WhiteHorse Finance in the fourth quarter worth about $101,000. Finally, Millennium Management LLC lifted its holdings in WhiteHorse Finance by 172.4% in the fourth quarter. Millennium Management LLC now owns 129,981 shares of the investment management company's stock worth $1,258,000 after buying an additional 82,263 shares during the period. 13.20% of the stock is currently owned by hedge funds and other 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.