WhiteHorse Finance (WHF) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded WhiteHorse Finance from a hold rating to a buy rating in a research report on Friday, July 20th. B. Riley restated a buy rating and set a $15.00 target price on shares of WhiteHorse Finance in a research report on Friday, November 2nd. Zacks Investment Research upgraded WhiteHorse Finance from a hold rating to a buy rating and set a $14.00 target price on the stock in a research report on Thursday, November 1st. TheStreet cut WhiteHorse Finance from a b rating to a c+ rating in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on WhiteHorse Finance from $13.00 to $14.00 and gave the company a neutral rating in a research report on Monday, July 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. WhiteHorse Finance currently has a consensus rating of Buy and an average target price of $14.25.

Shares of NASDAQ:WHF traded down $0.13 during trading on Wednesday, reaching $13.70. 20,124 shares of the company’s stock traded hands, compared to its average volume of 31,442. WhiteHorse Finance has a fifty-two week low of $10.92 and a fifty-two week high of $15.80. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $282.30 million, a PE ratio of 9.61 and a beta of 0.75.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Tuesday, November 6th. The investment management company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. WhiteHorse Finance had a return on equity of 9.94% and a net margin of 100.60%. The firm had revenue of $15.32 million for the quarter, compared to analysts’ expectations of $15.61 million. Sell-side analysts expect that WhiteHorse Finance will post 1.49 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Telemus Capital LLC acquired a new stake in WhiteHorse Finance in the 2nd quarter worth about $145,000. Resource America Inc. boosted its holdings in WhiteHorse Finance by 2.5% in the 2nd quarter. Resource America Inc. now owns 252,260 shares of the investment management company’s stock worth $3,660,000 after buying an additional 6,047 shares during the last quarter. Millennium Management LLC acquired a new stake in WhiteHorse Finance in the 2nd quarter worth about $853,000. Eqis Capital Management Inc. acquired a new stake in WhiteHorse Finance in the 2nd quarter worth about $200,000. Finally, Macquarie Group Ltd. boosted its holdings in WhiteHorse Finance by 81.6% in the 2nd quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock worth $577,000 after buying an additional 17,861 shares during the last quarter. Institutional investors own 8.84% of the company’s stock.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

Read More: Earnings Per Share

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for WhiteHorse Finance (NASDAQ:WHF)

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