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.
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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