Eaton Vance Municipal Income Trust (NYSE:EVN) and WhiteHorse Finance (NASDAQ:WHF) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, valuation, institutional ownership, risk, profitability, dividends and earnings.
Eaton Vance Municipal Income Trust pays an annual dividend of $0.57 per share and has a dividend yield of 4.3%. WhiteHorse Finance pays an annual dividend of $1.42 per share and has a dividend yield of 10.0%. WhiteHorse Finance pays out 94.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Earnings and Valuation
This table compares Eaton Vance Municipal Income Trust and WhiteHorse Finance’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Eaton Vance Municipal Income Trust||N/A||N/A||N/A||N/A||N/A|
|WhiteHorse Finance||$63.25 million||4.60||$57.30 million||$1.50||9.43|
WhiteHorse Finance has higher revenue and earnings than Eaton Vance Municipal Income Trust.
This table compares Eaton Vance Municipal Income Trust and WhiteHorse Finance’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Eaton Vance Municipal Income Trust||N/A||N/A||N/A|
Insider and Institutional Ownership
15.4% of Eaton Vance Municipal Income Trust shares are owned by institutional investors. Comparatively, 16.1% of WhiteHorse Finance shares are owned by institutional investors. 1.0% of Eaton Vance Municipal Income Trust shares are owned by company insiders. Comparatively, 1.2% of WhiteHorse Finance shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
This is a summary of recent ratings and recommmendations for Eaton Vance Municipal Income Trust and WhiteHorse Finance, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Eaton Vance Municipal Income Trust||0||0||0||0||N/A|
WhiteHorse Finance has a consensus target price of $14.63, suggesting a potential upside of 3.36%. Given WhiteHorse Finance’s higher possible upside, analysts plainly believe WhiteHorse Finance is more favorable than Eaton Vance Municipal Income Trust.
WhiteHorse Finance beats Eaton Vance Municipal Income Trust on 9 of the 10 factors compared between the two stocks.
About Eaton Vance Municipal Income Trust
Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home. Eaton Vance Municipal Income Trust was formed in 1998 and is domiciled in United States.
About WhiteHorse Finance
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. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate. It focuses principally on originating senior secured loans to lower middle market companies. The company was founded on December 28, 2011 and is headquartered in Miami, FL.
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