WhiteHorse Finance (WHF) Reaches New 12-Month High and Low at $15.45

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WhiteHorse Finance Inc (NASDAQ:WHF) reached a new 52-week high and low on Wednesday . The stock traded as low as $15.45 and last traded at $15.09, with a volume of 1003 shares trading hands. The stock had previously closed at $15.43.

Several research firms recently weighed in on WHF. BidaskClub upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, May 4th. ValuEngine lowered WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. JPMorgan Chase & Co. upgraded WhiteHorse Finance from an “underweight” rating to a “neutral” rating and set a $11.50 price target on the stock in a research report on Wednesday, April 11th. Finally, Deutsche Bank assumed coverage on WhiteHorse Finance in a report on Thursday, March 29th. They issued a “buy” rating and a $14.50 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $13.83.

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $316.60 million, a P/E ratio of 11.70 and a beta of 0.66.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Tuesday, May 8th. The investment management company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.09. WhiteHorse Finance had a return on equity of 9.83% and a net margin of 66.87%. The business had revenue of $16.61 million for the quarter, compared to the consensus estimate of $13.95 million. equities analysts anticipate that WhiteHorse Finance Inc will post 1.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Monday, June 18th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 8.99%. The ex-dividend date of this dividend is Friday, June 15th. WhiteHorse Finance’s dividend payout ratio (DPR) is 105.19%.

In other news, Director G Stacy Smith sold 18,000 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $14.92, for a total value of $268,560.00. Following the completion of the transaction, the director now owns 19,210 shares in the company, valued at $286,613.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Bolduc purchased 7,201 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was acquired at an average price of $12.50 per share, with a total value of $90,012.50. Following the purchase, the director now directly owns 157,146 shares of the company’s stock, valued at $1,964,325. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Resource America Inc. increased its position in WhiteHorse Finance by 128.3% during the first quarter. Resource America Inc. now owns 246,213 shares of the investment management company’s stock valued at $3,058,000 after acquiring an additional 138,375 shares during the last quarter. Gables Capital Management Inc. purchased a new stake in WhiteHorse Finance during the first quarter valued at $1,251,000. IFP Advisors Inc increased its position in WhiteHorse Finance by 13.8% during the first quarter. IFP Advisors Inc now owns 58,198 shares of the investment management company’s stock valued at $723,000 after acquiring an additional 7,061 shares during the last quarter. BlackRock Inc. increased its position in WhiteHorse Finance by 18.3% during the fourth quarter. BlackRock Inc. now owns 57,216 shares of the investment management company’s stock valued at $768,000 after acquiring an additional 8,848 shares during the last quarter. Finally, Buckhead Capital Management LLC increased its position in WhiteHorse Finance by 231.9% during the first quarter. Buckhead Capital Management LLC now owns 56,500 shares of the investment management company’s stock valued at $702,000 after acquiring an additional 39,475 shares during the last quarter. Hedge funds and other institutional investors own 8.25% of the company’s stock.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

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