WhiteHorse Finance (NASDAQ:WHF) Price Target Lowered to $9.00 at JPMorgan Chase & Co.

WhiteHorse Finance (NASDAQ:WHF) had its target price reduced by JPMorgan Chase & Co. from $9.50 to $9.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an underweight rating on the investment management company’s stock.

Separately, Oppenheimer lowered WhiteHorse Finance from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $14.00 to $12.00 in a research report on Monday, November 11th.

WhiteHorse Finance Trading Down 0.3 %

Shares of NASDAQ WHF opened at $10.00 on Monday. The business’s 50 day moving average is $10.36 and its two-hundred day moving average is $10.92. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98. WhiteHorse Finance has a 1-year low of $9.45 and a 1-year high of $13.44. The stock has a market capitalization of $232.43 million, a P/E ratio of 22.22 and a beta of 1.25.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $22.43 million. During the same period in the previous year, the firm earned $0.46 earnings per share. As a group, research analysts expect that WhiteHorse Finance will post 1.66 EPS for the current year.

WhiteHorse Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.54 annualized dividend and a dividend yield of 15.40%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 327.66%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Tidal Investments LLC boosted its holdings in shares of WhiteHorse Finance by 2.3% in the fourth quarter. Tidal Investments LLC now owns 49,460 shares of the investment management company’s stock valued at $479,000 after purchasing an additional 1,110 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of WhiteHorse Finance by 2.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company’s stock valued at $589,000 after purchasing an additional 1,486 shares during the period. LPL Financial LLC boosted its holdings in shares of WhiteHorse Finance by 10.9% in the fourth quarter. LPL Financial LLC now owns 15,182 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 1,495 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of WhiteHorse Finance by 5.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,772 shares of the investment management company’s stock valued at $414,000 after purchasing an additional 2,273 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of WhiteHorse Finance by 23.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 3,683 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

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.