Analysts Set WhiteHorse Finance, Inc. (NASDAQ:WHF) Target Price at $12.38

WhiteHorse Finance, Inc. (NASDAQ:WHF) has earned an average recommendation of “Reduce” from the four analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.25.

A number of analysts have weighed in on WHF shares. Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a research report on Monday, July 29th. Oppenheimer downgraded shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $14.00 to $12.00 in a report on Monday. Finally, StockNews.com cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

WhiteHorse Finance Price Performance

Shares of WHF stock opened at $10.52 on Monday. WhiteHorse Finance has a twelve month low of $10.52 and a twelve month high of $13.44. The company has a market capitalization of $244.48 million, a PE ratio of 23.47 and a beta of 1.28. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The firm has a fifty day simple moving average of $11.70 and a 200-day simple moving average of $12.15.

WhiteHorse Finance Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a $0.385 dividend. The ex-dividend date is Friday, December 20th. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. This represents a dividend yield of 13.9%. WhiteHorse Finance’s payout ratio is presently 342.23%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of WhiteHorse Finance by 1,057.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after acquiring an additional 2,114 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of WhiteHorse Finance during the second quarter worth approximately $647,000. CANADA LIFE ASSURANCE Co boosted its stake in WhiteHorse Finance by 19.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock valued at $227,000 after acquiring an additional 3,013 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in WhiteHorse Finance during the 1st quarter worth $39,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of WhiteHorse Finance by 16.0% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company’s stock valued at $813,000 after acquiring an additional 8,866 shares during the last quarter. 13.20% of the stock is currently owned by institutional investors and hedge funds.

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.