According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “
A number of other brokerages have also issued reports on WHF. Robert W. Baird lowered shares of WhiteHorse Finance from an outperform rating to a neutral rating and set a $12.00 target price on the stock. in a research report on Tuesday, August 9th. TheStreet raised shares of WhiteHorse Finance from a hold rating to a buy rating in a research report on Friday, August 5th. Citigroup Inc. boosted their target price on shares of WhiteHorse Finance from $11.00 to $12.00 and gave the stock a buy rating in a research report on Wednesday, September 14th. Finally, Deutsche Bank AG set a $13.50 target price on shares of WhiteHorse Finance and gave the stock a buy rating in a research report on Thursday, August 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. WhiteHorse Finance has a consensus rating of Buy and a consensus target price of $12.40.
WhiteHorse Finance (NASDAQ:WHF) remained flat at $10.58 during trading on Wednesday. 1,727 shares of the stock were exchanged. The stock’s 50 day moving average is $11.25 and its 200 day moving average is $10.88. WhiteHorse Finance has a 52 week low of $9.14 and a 52 week high of $13.68.
WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Friday, August 5th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. WhiteHorse Finance had a net margin of 0.62% and a return on equity of 8.50%. Equities research analysts expect that WhiteHorse Finance will post $1.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.42 dividend on an annualized basis and a yield of 13.42%. WhiteHorse Finance’s dividend payout ratio is currently -1,014.21%.
Large investors have recently bought and sold shares of the company. Nuveen Fund Advisors LLC purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at approximately $393,000. Baird Financial Group Inc. increased its stake in shares of WhiteHorse Finance by 4.9% in the second quarter. Baird Financial Group Inc. now owns 25,554 shares of the investment management company’s stock valued at $276,000 after buying an additional 1,203 shares in the last quarter. Orinda Asset Management LLC purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at approximately $655,000. Finally, Nantahala Capital Management LLC increased its stake in shares of WhiteHorse Finance by 18.8% in the first quarter. Nantahala Capital Management LLC now owns 235,669 shares of the investment management company’s stock valued at $2,446,000 after buying an additional 37,347 shares in the last quarter. Hedge funds and other institutional investors own 10.64% of the company’s stock.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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