What's Happening with WhiteHorse Finance?

WhiteHorse Finance, a company that deals with loans and investments, has been getting mixed reviews from experts. Most of them suggest that people should be cautious about investing in it. The average price target for the company's stock is around $10, but it's currently trading at a lower price. This means that experts think the stock might not go up much in the near future. Recently, some firms have changed their opinions about WhiteHorse Finance. One firm lowered its price target, while another upgraded its rating to a more neutral stance. This shows that opinions about the company are divided. The company's stock has been fluctuating between $8. 36 and $12. 42 over the past year. It's currently trading near the lower end of this range. The company's financial health looks okay, with a quick ratio and current ratio both around 1. 34. However, its debt-to-equity ratio is also 1. 32, which means it has a significant amount of debt compared to its equity. WhiteHorse Finance recently released its quarterly earnings report. The company made $0. 28 per share, which was less than what experts expected. The company's revenue was also lower than expected, coming in at $18. 84 million. Experts predict that the company will make about $1. 66 per share for the current fiscal year. The company also announced a dividend payment. Shareholders will receive $0. 385 per share, which represents a high dividend yield of 17. 7%. However, the dividend payout ratio is extremely high, at over 1, 000%. This means that the company is paying out more in dividends than it's making in profits, which might not be sustainable in the long run. Large investors have been buying and selling shares of WhiteHorse Finance. Some have increased their positions, while others have acquired new stakes. Institutional investors own about 13. 20% of the company's stock. WhiteHorse Finance focuses on providing loans to businesses in various industries. These include retail, healthcare, software, and more. The company specializes in senior secured loans, which are loans that have a higher priority in case the borrower defaults.