BidaskClub upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a hold rating in a research note released on Saturday.
A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of WhiteHorse Finance from $12.50 to $11.50 and set an underweight rating on the stock in a research note on Monday, March 5th. Ladenburg Thalmann Financial Services raised shares of WhiteHorse Finance from a neutral rating to a buy rating and set a $13.00 price target on the stock in a research note on Monday, March 5th. Zacks Investment Research downgraded shares of WhiteHorse Finance from a hold rating to a strong sell rating in a research note on Saturday, February 10th. Finally, Oppenheimer initiated coverage on shares of WhiteHorse Finance in a research report on Thursday, November 30th. They set a buy rating and a $15.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. WhiteHorse Finance presently has an average rating of Hold and an average price target of $13.63.
WhiteHorse Finance (NASDAQ:WHF) opened at $12.94 on Friday. WhiteHorse Finance has a one year low of $10.92 and a one year high of $15.05. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64. The firm has a market cap of $272.75, a price-to-earnings ratio of 7.27 and a beta of 0.80.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 26th will be given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 10.97%. The ex-dividend date is Friday, March 23rd. WhiteHorse Finance’s payout ratio is 79.78%.
In other WhiteHorse Finance news, CEO Stuart D. Aronson bought 2,000 shares of the stock in a transaction on Wednesday, March 7th. The shares were purchased at an average cost of $12.58 per share, with a total value of $25,160.00. Following the completion of the transaction, the chief executive officer now directly owns 12,000 shares of the company’s stock, valued at approximately $150,960. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. bought a new stake in WhiteHorse Finance during the fourth quarter valued at about $138,000. Susquehanna International Group LLP bought a new stake in WhiteHorse Finance during the third quarter valued at about $174,000. JPMorgan Chase & Co. boosted its holdings in WhiteHorse Finance by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after acquiring an additional 5,664 shares during the period. AXA boosted its holdings in WhiteHorse Finance by 161.6% during the fourth quarter. AXA now owns 33,217 shares of the investment management company’s stock valued at $446,000 after acquiring an additional 20,517 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in WhiteHorse Finance during the third quarter valued at about $539,000. Institutional investors own 8.75% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “WhiteHorse Finance (WHF) Upgraded by BidaskClub to “Hold”” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://sportsperspectives.com/2018/03/14/whitehorse-finance-whf-upgraded-by-bidaskclub-to-hold.html.
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.
Receive News & Ratings for WhiteHorse Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance and related companies with MarketBeat.com's FREE daily email newsletter.