WhiteHorse Finance, Inc. (NASDAQ:WHF) – Equities researchers at Oppenheimer issued their FY2017 earnings per share estimates for WhiteHorse Finance in a note issued to investors on Thursday. Oppenheimer analyst C. Kotowski expects that the investment management company will post earnings per share of $1.35 for the year. Oppenheimer has a “Buy” rating and a $15.00 price objective on the stock. Oppenheimer also issued estimates for WhiteHorse Finance’s Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.45 EPS.
Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. BidaskClub raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Robert W. Baird downgraded shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.00.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new position in shares of WhiteHorse Finance during the third quarter valued at approximately $174,000. JPMorgan Chase & Co. boosted its stake in shares of WhiteHorse Finance by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after purchasing an additional 5,664 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of WhiteHorse Finance during the third quarter valued at approximately $539,000. Telemus Capital LLC bought a new position in shares of WhiteHorse Finance during the third quarter valued at approximately $148,000. Finally, IFP Advisors Inc bought a new position in shares of WhiteHorse Finance during the third quarter valued at approximately $743,000. Hedge funds and other institutional investors own 9.22% of the company’s stock.
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WhiteHorse Finance Company Profile
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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