WhiteHorse Finance (NASDAQ:WHF) Price Target Cut to $9.50 by Analysts at JPMorgan Chase & Co.

WhiteHorse Finance (NASDAQ:WHF) had its price target trimmed by JPMorgan Chase & Co. from $10.00 to $9.50 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an underweight rating on the investment management company’s stock.

Several other equities analysts have also weighed in on the company. Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $14.00 to $12.00 in a research note on Monday, November 11th. Finally, StockNews.com cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

WhiteHorse Finance Stock Down 0.2 %

Shares of NASDAQ:WHF opened at $10.54 on Monday. 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 stock has a market cap of $244.95 million, a price-to-earnings ratio of 23.42 and a beta of 1.25. The company has a 50 day moving average of $10.18 and a 200-day moving average of $11.12. WhiteHorse Finance has a one year low of $9.45 and a one year high of $13.44.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Thursday, November 7th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $22.85 million for the quarter, compared to analyst estimates of $23.07 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. During the same period in the prior year, the firm posted $0.46 EPS. On average, sell-side analysts forecast that WhiteHorse Finance will post 1.66 earnings per share for the current year.

WhiteHorse Finance Increases Dividend

The firm also recently announced a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a dividend of $0.385 per share. This represents a yield of 13.9%. This is a boost from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date of this dividend was Friday, December 20th. WhiteHorse Finance’s dividend payout ratio is presently 342.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in shares of 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 worth $27,000 after acquiring an additional 2,114 shares during the period. Tidal Investments LLC raised its stake in shares of WhiteHorse Finance by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after purchasing an additional 3,330 shares during the period. Blue Trust Inc. lifted its holdings 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 purchasing an additional 5,000 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of 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 worth $2,232,000 after buying an additional 21,616 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of WhiteHorse Finance during the second quarter worth about $357,000. 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.