WhiteHorse Finance (NASDAQ:WHF) Lowered to “Market Perform” Rating by Oppenheimer

Oppenheimer cut shares of WhiteHorse Finance (NASDAQ:WHF) from an outperform rating to a market perform rating in a research report released on Monday, MarketBeat Ratings reports. Oppenheimer currently has $12.00 price objective on the investment management company’s stock, down from their previous price objective of $14.00.

Several other brokerages have also weighed in on WHF. Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a report on Monday, July 29th. Finally, StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.25.

WhiteHorse Finance Stock Up 0.1 %

WhiteHorse Finance stock opened at $10.53 on Monday. The firm has a 50 day moving average price of $11.68 and a 200-day moving average price of $12.14. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19. WhiteHorse Finance has a twelve month low of $10.48 and a twelve month high of $13.44. The company has a market capitalization of $244.72 million, a P/E ratio of 23.40 and a beta of 1.28.

WhiteHorse Finance Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.385 per share. This represents a yield of 13.9%. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. WhiteHorse Finance’s payout ratio is presently 342.23%.

Institutional Trading of WhiteHorse Finance

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC raised its holdings in shares of WhiteHorse Finance by 4.7% in the 3rd quarter. Sound Income Strategies LLC now owns 895,062 shares of the investment management company’s stock valued at $10,356,000 after acquiring an additional 39,839 shares in the last quarter. Advisors Asset Management Inc. lifted its position in WhiteHorse Finance by 12.6% during the third quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock valued at $2,232,000 after purchasing an additional 21,616 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in WhiteHorse Finance by 16.0% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company’s stock worth $813,000 after buying an additional 8,866 shares in the last quarter. Marshall Wace LLP bought a new position in shares of WhiteHorse Finance in the 2nd quarter worth $647,000. Finally, Blue Trust Inc. raised its position in shares of WhiteHorse Finance by 15.2% during the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock valued at $466,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 13.20% of the company’s stock.

About WhiteHorse Finance

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.