WhiteHorse Finance (NASDAQ:WHF) Rating Lowered to Market Perform at Oppenheimer

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

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Raymond James restated a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, WhiteHorse Finance currently has a consensus rating of “Hold” and an average target price of $12.25.

WhiteHorse Finance Stock Performance

Shares of NASDAQ WHF opened at $10.52 on Monday. WhiteHorse Finance has a one year low of $10.52 and a one year high of $13.44. The business’s 50-day moving average price is $11.70 and its two-hundred day moving average price is $12.15. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $244.48 million, a P/E ratio of 23.47 and a beta of 1.28.

WhiteHorse Finance Increases Dividend

The business also recently declared 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 is Friday, December 20th. This is an increase from WhiteHorse Finance’s previous — dividend of $0.05. WhiteHorse Finance’s dividend payout ratio (DPR) is 342.23%.

Institutional Inflows and Outflows

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