Other equities analysts have also issued reports about the company. B. Riley set a $14.50 target price on WhiteHorse Finance and gave the stock a buy rating in a research report on Friday, September 13th. CIBC restated a market perform rating on shares of WhiteHorse Finance in a research report on Thursday, August 8th. Zacks Investment Research upgraded WhiteHorse Finance from a sell rating to a hold rating in a research report on Friday, August 9th. Raymond James assumed coverage on WhiteHorse Finance in a research report on Tuesday, June 18th. They set an outperform rating and a $16.00 target price for the company. Finally, Oppenheimer lowered WhiteHorse Finance from an outperform rating to a market perform rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $14.50.
WhiteHorse Finance stock opened at $14.00 on Wednesday. The firm has a market capitalization of $292.37 million, a P/E ratio of 9.55 and a beta of 0.61. WhiteHorse Finance has a 1 year low of $11.89 and a 1 year high of $15.00. The business has a 50-day moving average of $13.40 and a 200-day moving average of $13.98. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.78.
The firm also recently disclosed a — dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.195 per share. This represents a dividend yield of 10.2%. The ex-dividend date is Wednesday, October 30th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 94.67%.
In other news, major shareholder Anthony Tamer sold 229,328 shares of WhiteHorse Finance stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $14.00, for a total transaction of $3,210,592.00. Following the transaction, the insider now owns 6,026 shares in the company, valued at approximately $84,364. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in shares of WhiteHorse Finance during the 2nd quarter valued at about $69,000. Citadel Advisors LLC bought a new stake in WhiteHorse Finance in the 2nd quarter valued at approximately $166,000. Rational Advisors LLC bought a new stake in WhiteHorse Finance in the 2nd quarter valued at approximately $179,000. PVG Asset Management Corp bought a new stake in WhiteHorse Finance in the 2nd quarter valued at approximately $178,000. Finally, Eagle Global Advisors LLC bought a new stake in WhiteHorse Finance in the 2nd quarter valued at approximately $182,000. Institutional investors and hedge funds own 16.42% of the company’s stock.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
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