Reviewing Nuveen NY Municipal Value (NYSE:NNY) and WhiteHorse Finance (NYSE:WHF)

Nuveen NY Municipal Value (NYSE:NNY) and WhiteHorse Finance (NASDAQ:WHF) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, profitability, valuation, earnings and analyst recommendations.

Profitability

This table compares Nuveen NY Municipal Value and WhiteHorse Finance’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Nuveen NY Municipal Value N/A N/A N/A
WhiteHorse Finance 62.01% 9.62% 5.60%

Insider and Institutional Ownership

5.0% of Nuveen NY Municipal Value shares are owned by institutional investors. Comparatively, 16.5% of WhiteHorse Finance shares are owned by institutional investors. 1.0% of Nuveen NY Municipal Value shares are owned by insiders. Comparatively, 1.2% of WhiteHorse Finance shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent ratings for Nuveen NY Municipal Value and WhiteHorse Finance, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nuveen NY Municipal Value 0 0 0 0 N/A
WhiteHorse Finance 1 2 2 0 2.20

WhiteHorse Finance has a consensus target price of $14.67, indicating a potential upside of 6.13%. Given WhiteHorse Finance’s higher possible upside, analysts plainly believe WhiteHorse Finance is more favorable than Nuveen NY Municipal Value.

Valuation and Earnings

This table compares Nuveen NY Municipal Value and WhiteHorse Finance’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Nuveen NY Municipal Value N/A N/A N/A N/A N/A
WhiteHorse Finance $63.25 million 4.49 $57.30 million $1.50 9.21

WhiteHorse Finance has higher revenue and earnings than Nuveen NY Municipal Value.

Volatility & Risk

Nuveen NY Municipal Value has a beta of -0.05, indicating that its share price is 105% less volatile than the S&P 500. Comparatively, WhiteHorse Finance has a beta of 0.6, indicating that its share price is 40% less volatile than the S&P 500.

Dividends

Nuveen NY Municipal Value pays an annual dividend of $0.36 per share and has a dividend yield of 3.5%. WhiteHorse Finance pays an annual dividend of $1.42 per share and has a dividend yield of 10.3%. WhiteHorse Finance pays out 94.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Summary

WhiteHorse Finance beats Nuveen NY Municipal Value on 10 of the 11 factors compared between the two stocks.

Nuveen NY Municipal Value Company Profile

Nuveen New York Municipal Value Fund, Inc. is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher. It employs fundamental analysis, with bottom-up stock picking approach, to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's New York Municipal Bond Index and Standard & Poor's National Municipal Bond Index. Nuveen New York Municipal Value Fund, Inc. was formed on October 7, 1987 and is domiciled in the United States.

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. It focuses principally on originating senior secured loans to lower middle market companies. The company was founded on December 28, 2011 and is headquartered in Miami, FL.

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