WhiteHorse Finance (WHF) Stock Rating Upgraded by BidaskClub

WhiteHorse Finance (NASDAQ:WHF) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Monday.

Several other equities analysts have also recently weighed in on WHF. Zacks Investment Research cut WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. ValuEngine cut WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Oppenheimer began coverage on WhiteHorse Finance in a report on Thursday, November 30th. They issued a “buy” rating and a $15.00 price objective for the company. Robert W. Baird cut WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Monday, October 23rd. Finally, Ladenburg Thalmann Financial Services began coverage on WhiteHorse Finance in a report on Tuesday, December 19th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.00.

Shares of WhiteHorse Finance (WHF) opened at $12.45 on Monday. WhiteHorse Finance has a 12 month low of $12.14 and a 12 month high of $15.05. The stock has a market capitalization of $255.62, a PE ratio of 6.69 and a beta of 0.66. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.04). The firm had revenue of $13.02 million during the quarter, compared to analyst estimates of $12.94 million. WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%. equities research analysts forecast that WhiteHorse Finance will post 1.33 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. bought a new position in shares of WhiteHorse Finance in the 3rd quarter valued at about $539,000. Goldman Sachs Group Inc. grew its holdings in shares of WhiteHorse Finance by 211.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock valued at $618,000 after acquiring an additional 31,367 shares in the last quarter. IFP Advisors Inc bought a new position in shares of WhiteHorse Finance in the 3rd quarter valued at about $743,000. Telemus Capital LLC bought a new position in shares of WhiteHorse Finance in the 3rd quarter valued at about $148,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of WhiteHorse Finance by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after acquiring an additional 5,664 shares in the last quarter. Institutional investors own 9.27% of the company’s stock.

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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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