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

Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) have earned an average recommendation of “Reduce” from the four research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.25.

WHF has been the topic of several recent research reports. Raymond James reiterated a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. StockNews.com downgraded WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. cut their price target 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, Oppenheimer downgraded shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $14.00 to $12.00 in a research report on Monday.

Institutional Investors Weigh In On WhiteHorse Finance

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of WhiteHorse Finance by 1,057.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 2,114 shares during the last quarter. EntryPoint Capital LLC bought a new position in WhiteHorse Finance in the 1st quarter valued at approximately $39,000. CANADA LIFE ASSURANCE Co boosted its position in WhiteHorse Finance by 19.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock valued at $227,000 after buying an additional 3,013 shares in the last quarter. Commonwealth Equity Services LLC grew its stake 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 buying an additional 7,195 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of WhiteHorse Finance during the second quarter worth $357,000. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Stock Down 0.7 %

NASDAQ:WHF opened at $10.52 on Monday. The company has a market cap of $244.48 million, a PE ratio of 23.47 and a beta of 1.28. WhiteHorse Finance has a 52-week low of $10.52 and a 52-week high of $13.44. The stock has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $12.15. 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 business also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.385 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from WhiteHorse Finance’s previous — dividend of $0.05. This represents a yield of 13.9%. WhiteHorse Finance’s payout ratio is currently 342.23%.

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.