In a report released today, Chris Kotowski from Oppenheimer maintained a Buy rating on WhiteHorse (WHF), with a price target of $16. The company’s shares opened today at $13.10.
Kotowski commented:
“WhiteHorse reported 3Q18 net investment income (NII) per share of $0.18 versus our estimate of $0.32 and consensus’ $0.33. Excluding the $3.1M capital gains incentive fee and $300K accelerated amortization related to refinancing of baby bonds, “core” NII was $0.349 and was only a touch shy of the $0.355 dividend. With a more than complete recovery of its investment in Aretec, WHF is now a part of the industry’s elite that has a NAV at or above IPO. With the stock only trading at 84% of NAV and 10.9% dividend yield compared to the industry average of 85% and 10.6%, we believe WHF presents a favorable risk-reward investment opportunity. We are convinced that WHF is one of best bargains in our BDC coverage.”
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 9.2% and a 58.3% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Fidus Investment Corporation.
WhiteHorse has an analyst consensus of Moderate Buy, with a price target consensus of $15.25, implying a 16.4% upside from current levels. In a report issued on November 2, B.Riley FBR also assigned a Buy rating to the stock with a $14.50 price target.
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WhiteHorse’s market cap is currently $259.7M and has a P/E ratio of 5.15. The company has a Price to Book ratio of 0.85.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States.
