Brokerages Set WhiteHorse Finance, Inc. (NASDAQ:WHF) Target Price at $12.38

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have earned a consensus recommendation of “Reduce” from the four analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.25.

Several research analysts recently issued reports on the stock. Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $14.00 to $12.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their target price on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a research report on Monday, July 29th. Raymond James reiterated a “market perform” rating on shares of WhiteHorse Finance in a research report on Friday, November 8th. Finally, StockNews.com lowered shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

WhiteHorse Finance Stock Up 0.9 %

Shares of NASDAQ:WHF opened at $10.62 on Monday. WhiteHorse Finance has a 52-week low of $10.48 and a 52-week high of $13.44. The firm has a fifty day moving average of $11.62 and a 200 day moving average of $12.11. The firm has a market capitalization of $246.84 million, a PE ratio of 23.60 and a beta of 1.28. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98.

WhiteHorse Finance Increases Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.385 per share. This represents a yield of 13.9%. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date is Friday, December 20th. WhiteHorse Finance’s dividend payout ratio is presently 342.22%.

Institutional Trading of WhiteHorse Finance

Several institutional investors have recently added to or reduced their stakes in WHF. International Assets Investment Management LLC boosted its position in WhiteHorse Finance by 1,057.0% during the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after buying an additional 2,114 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of WhiteHorse Finance during the first quarter worth about $39,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of WhiteHorse Finance by 19.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock worth $227,000 after purchasing an additional 3,013 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of WhiteHorse Finance by 48.6% during the second quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock worth $270,000 after purchasing an additional 7,195 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of WhiteHorse Finance during the second quarter worth about $357,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

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.