JPMorgan Chase & Co. Issues Pessimistic Forecast for WhiteHorse Finance (NASDAQ:WHF) Stock Price

WhiteHorse Finance (NASDAQ:WHF) had its target price lowered by JPMorgan Chase & Co. from $9.50 to $9.00 in a research note published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the investment management company’s stock.

Separately, Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their target price for the company from $14.00 to $12.00 in a report on Monday, November 11th.

WhiteHorse Finance Stock Performance

Shares of WhiteHorse Finance stock opened at $9.93 on Monday. The firm has a market capitalization of $230.80 million, a P/E ratio of 22.07 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average price of $10.37 and a 200 day moving average price of $10.90. WhiteHorse Finance has a 52 week low of $9.45 and a 52 week high of $13.44.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The business had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $22.43 million. During the same period in the prior year, the business posted $0.46 earnings per share. Sell-side analysts expect that WhiteHorse Finance will post 1.66 EPS for the current year.

WhiteHorse Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.54 annualized dividend and a yield of 15.51%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 327.66%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WHF. Tower Research Capital LLC TRC purchased a new stake in WhiteHorse Finance in the 4th quarter valued at about $39,000. Snowden Capital Advisors LLC purchased a new stake in WhiteHorse Finance in the 4th quarter valued at about $101,000. LPL Financial LLC raised its holdings in WhiteHorse Finance by 10.9% in the 4th quarter. LPL Financial LLC now owns 15,182 shares of the investment management company’s stock valued at $147,000 after buying an additional 1,495 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in WhiteHorse Finance in the 4th quarter valued at about $154,000. Finally, Commonwealth Equity Services LLC raised its holdings in WhiteHorse Finance by 23.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company’s stock valued at $188,000 after buying an additional 3,683 shares during the period. Hedge funds and other 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.