WhiteHorse Finance, Inc. (NASDAQ:WHF) Receives Average Recommendation of “Hold” from Analysts

Posted by on Jun 8th, 2023

WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.67.

WHF has been the topic of several recent analyst reports. TheStreet raised shares of WhiteHorse Finance from a “c” rating to a “b-” rating in a report on Wednesday, May 31st. Oppenheimer decreased their price target on shares of WhiteHorse Finance from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, March 6th. Finally, StockNews.com assumed coverage on WhiteHorse Finance in a research note on Thursday, May 18th. They set a “hold” rating for the company.

WhiteHorse Finance Stock Up 5.0 %

WHF opened at $12.93 on Thursday. The company has a fifty day moving average of $12.02 and a two-hundred day moving average of $12.73. The stock has a market capitalization of $300.49 million, a price-to-earnings ratio of 17.01 and a beta of 1.25. WhiteHorse Finance has a fifty-two week low of $10.57 and a fifty-two week high of $15.19. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.38 and a current ratio of 1.38.

WhiteHorse Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 21st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 11.45%. The ex-dividend date of this dividend is Tuesday, June 20th. WhiteHorse Finance’s payout ratio is currently 186.84%.

Insiders Place Their Bets

In other WhiteHorse Finance news, Director John Bolduc acquired 8,770 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were purchased at an average cost of $11.40 per share, for a total transaction of $99,978.00. Following the completion of the acquisition, the director now owns 218,010 shares of the company’s stock, valued at approximately $2,485,314. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 49,503 shares of company stock valued at $590,705 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of WhiteHorse Finance

A number of hedge funds and other institutional investors have recently modified their holdings of WHF. CWM LLC acquired a new position in WhiteHorse Finance during the first quarter worth $44,000. Tower Research Capital LLC TRC lifted its stake in WhiteHorse Finance by 342.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,683 shares of the investment management company’s stock worth $84,000 after acquiring an additional 5,172 shares in the last quarter. Ahrens Investment Partners LLC purchased a new position in WhiteHorse Finance during the 1st quarter valued at about $85,000. Great West Life Assurance Co. Can grew its position in WhiteHorse Finance by 17.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock valued at $99,000 after acquiring an additional 937 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in WhiteHorse Finance during the first quarter worth about $124,000. 12.45% of the stock is owned by institutional investors and hedge funds.

About WhiteHorse Finance

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WhiteHorse Finance, Inc is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Our stock is publicly traded on the NASDAQ exchange under the ticker symbol ”WHF”. We have senior notes listed on the NASDAQ exchange under the ticker symbol “WHFBL“.

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