WhiteHorse Finance, Inc. (NASDAQ:WHF) has been given an average rating of “Buy” by the five analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.50.
Several brokerages have issued reports on WHF. Zacks Investment Research raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Saturday. BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday. Robert W. Baird raised WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 target price on the stock in a research report on Thursday, June 29th. Finally, ValuEngine raised WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in shares of WhiteHorse Finance during the first quarter worth about $273,000. Hillsdale Investment Management Inc. acquired a new position in shares of WhiteHorse Finance during the first quarter worth about $476,000. UBS Group AG increased its position in shares of WhiteHorse Finance by 2.3% in the first quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock worth $4,024,000 after buying an additional 6,584 shares during the period. OxFORD Asset Management LLP acquired a new position in shares of WhiteHorse Finance during the second quarter worth about $200,000. Finally, Ativo Capital Management LLC acquired a new position in shares of WhiteHorse Finance during the second quarter worth about $1,097,000. Hedge funds and other institutional investors own 11.55% of the company’s stock.
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Shares of WhiteHorse Finance (NASDAQ:WHF) traded up 1.01% during trading on Tuesday, reaching $13.99. 279,206 shares of the company traded hands. The firm has a 50-day moving average price of $13.45 and a 200-day moving average price of $13.63. WhiteHorse Finance has a 12 month low of $10.30 and a 12 month high of $14.75.
WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Tuesday, August 8th. The investment management company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. WhiteHorse Finance had a return on equity of 10.57% and a net margin of 62.57%. The business had revenue of $14.29 million for the quarter, compared to analysts’ expectations of $12.57 million. Equities research analysts forecast that WhiteHorse Finance will post $1.41 EPS for the current year.
About WhiteHorse Finance
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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