WhiteHorse Finance (WHF) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “

Several other research analysts have also weighed in on WHF. BidaskClub raised WhiteHorse Finance from a sell rating to a hold rating in a research report on Thursday, August 10th. ValuEngine raised WhiteHorse Finance from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Robert W. Baird lowered WhiteHorse Finance from an outperform rating to a neutral rating and set a $15.00 price objective for the company. in a research report on Monday, October 23rd. Finally, Oppenheimer initiated coverage on WhiteHorse Finance in a research report on Thursday, November 30th. They issued a buy rating and a $15.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $15.00.

WhiteHorse Finance (WHF) opened at $13.79 on Friday. WhiteHorse Finance has a 12-month low of $11.51 and a 12-month high of $15.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $288.06, a PE ratio of 10.09 and a beta of 0.74.

Institutional investors have recently modified their holdings of the stock. Telemus Capital LLC bought a new stake in WhiteHorse Finance in the 3rd quarter valued at about $148,000. BB&T Securities LLC bought a new stake in WhiteHorse Finance in the 2nd quarter valued at about $152,000. Susquehanna International Group LLP bought a new stake in WhiteHorse Finance in the 3rd quarter valued at about $174,000. JPMorgan Chase & Co. bought a new stake in WhiteHorse Finance in the 2nd quarter valued at about $191,000. Finally, OxFORD Asset Management LLP bought a new stake in WhiteHorse Finance in the 2nd quarter valued at about $200,000. 9.22% of the stock is owned by institutional investors and hedge funds.

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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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