WhiteHorse Finance, Inc. (NASDAQ:WHF) Given Consensus Recommendation of “Hold” by Brokerages

WhiteHorse Finance, Inc. (NASDAQ:WHF) has been given an average rating of “Hold” by the four ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.81.

WHF has been the subject of several analyst reports. StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Friday, March 1st.

Insider Activity

In other news, major shareholder Anthony Tamer sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $12.15, for a total value of $12,150,000.00. Following the completion of the transaction, the insider now directly owns 3,976,258 shares in the company, valued at $48,311,534.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WHF. Acadian Asset Management LLC purchased a new position in shares of WhiteHorse Finance during the third quarter worth approximately $248,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of WhiteHorse Finance by 32.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,434 shares of the investment management company’s stock worth $989,000 after acquiring an additional 18,885 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of WhiteHorse Finance by 8.0% in the third quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock worth $3,581,000 after buying an additional 20,882 shares during the period. Toroso Investments LLC increased its stake in shares of WhiteHorse Finance by 6.4% in the third quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock worth $774,000 after buying an additional 3,668 shares during the period. Finally, Sound Income Strategies LLC increased its stake in shares of WhiteHorse Finance by 6.3% in the fourth quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock worth $9,273,000 after buying an additional 44,420 shares during the period. 13.20% of the stock is owned by hedge funds and other institutional investors.

WhiteHorse Finance Stock Performance

WHF opened at $13.15 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.39 and a current ratio of 1.39. The company’s fifty day moving average price is $12.86 and its two-hundred day moving average price is $12.65. WhiteHorse Finance has a 1-year low of $11.48 and a 1-year high of $13.69.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Wednesday, May 8th. The investment management company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $25.48 million for the quarter, compared to the consensus estimate of $24.90 million. WhiteHorse Finance had a net margin of 18.40% and a return on equity of 13.40%. As a group, equities research analysts expect that WhiteHorse Finance will post 1.8 earnings per share for the current year.

WhiteHorse Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be given a $0.385 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 11.71%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 187.81%.

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.