Analysts Set WhiteHorse Finance Inc (WHF) PT at $14.25

Shares of WhiteHorse Finance Inc (NASDAQ:WHF) have been given an average rating of “Hold” by the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.25.

A number of brokerages recently commented on WHF. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. BidaskClub cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th.

Shares of WhiteHorse Finance stock traded up $0.06 on Monday, hitting $14.11. 46,074 shares of the company traded hands, compared to its average volume of 59,130. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market cap of $289.96 million, a P/E ratio of 9.41 and a beta of 0.73. WhiteHorse Finance has a 12-month low of $11.89 and a 12-month high of $15.80.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 26th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 10.06%. The ex-dividend date of this dividend was Monday, March 25th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 94.67%.

Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc grew its holdings in WhiteHorse Finance by 17.9% in the 3rd quarter. Legal & General Group Plc now owns 79,620 shares of the investment management company’s stock worth $1,112,000 after acquiring an additional 12,060 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in WhiteHorse Finance in the 4th quarter worth $399,000. Citigroup Inc. grew its holdings in WhiteHorse Finance by 164.4% in the 4th quarter. Citigroup Inc. now owns 4,760 shares of the investment management company’s stock worth $61,000 after acquiring an additional 2,960 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in WhiteHorse Finance by 588.5% in the 4th quarter. Advisor Group Inc. now owns 13,164 shares of the investment management company’s stock worth $167,000 after acquiring an additional 11,252 shares during the last quarter. 12.57% of the stock is currently owned by institutional investors and hedge funds.

WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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