WhiteHorse Finance’s (WHF) “Sell (D+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d+) rating on shares of WhiteHorse Finance (NASDAQ:WHF) in a report issued on Wednesday morning,Weiss Ratings reports.

A number of other equities analysts have also issued reports on WHF. Zacks Research lowered shares of WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. dropped their target price on shares of WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. B. Riley dropped their target price on shares of WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 13th. Finally, LADENBURG THALM/SH SH raised shares of WhiteHorse Finance to a “hold” rating in a research report on Friday, August 8th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $9.17.

WhiteHorse Finance Trading Down 2.2%

NASDAQ:WHF opened at $6.53 on Wednesday. WhiteHorse Finance has a 12 month low of $6.53 and a 12 month high of $12.18. The firm has a market cap of $151.76 million, a price-to-earnings ratio of 43.54 and a beta of 0.75. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.32. The company’s 50 day moving average is $8.12 and its 200-day moving average is $8.79.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Thursday, August 7th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.72%. The firm had revenue of $18.84 million during the quarter, compared to the consensus estimate of $19.33 million. Equities analysts anticipate that WhiteHorse Finance will post 1.66 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were paid a dividend of $0.385 per share. The ex-dividend date was Friday, September 19th. This represents a $1.54 dividend on an annualized basis and a yield of 23.6%. WhiteHorse Finance’s payout ratio is currently 1,026.67%.

Institutional Investors Weigh In On WhiteHorse Finance

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oxford Asset Management LLP acquired a new stake in shares of WhiteHorse Finance in the 2nd quarter valued at $105,000. Bank of America Corp DE boosted its stake in shares of WhiteHorse Finance by 92.0% in the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock valued at $1,613,000 after purchasing an additional 88,659 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of WhiteHorse Finance in the 2nd quarter valued at $368,000. Legal & General Group Plc boosted its stake in shares of WhiteHorse Finance by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company’s stock valued at $1,368,000 after purchasing an additional 6,560 shares in the last quarter. Finally, Ethos Financial Group LLC boosted its stake in shares of WhiteHorse Finance by 2.8% in the 2nd quarter. Ethos Financial Group LLC now owns 205,673 shares of the investment management company’s stock valued at $1,793,000 after purchasing an additional 5,616 shares in the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.