BidaskClub upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a hold rating in a research note published on Saturday morning.
A number of other research firms have also recently commented on WHF. Ladenburg Thalmann Financial Services started coverage on WhiteHorse Finance in a research note on Tuesday, December 19th. They set a neutral rating on the stock. Zacks Investment Research upgraded WhiteHorse Finance from a sell rating to a hold rating in a research note on Friday, December 1st. Oppenheimer started coverage on WhiteHorse Finance in a research note on Thursday, November 30th. They set a buy rating and a $15.00 target price on the stock. Finally, JPMorgan Chase & Co. cut WhiteHorse Finance from a neutral rating to an underweight rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. WhiteHorse Finance presently has an average rating of Hold and an average target price of $13.63.
Shares of WhiteHorse Finance (WHF) traded up $0.27 during trading hours on Friday, reaching $12.81. The company’s stock had a trading volume of 34,301 shares, compared to its average volume of 62,647. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.64. WhiteHorse Finance has a fifty-two week low of $10.92 and a fifty-two week high of $15.05. The company has a market cap of $262.40, a PE ratio of 7.20 and a beta of 0.80.
WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Friday, March 2nd. The investment management company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. WhiteHorse Finance had a return on equity of 9.57% and a net margin of 62.86%. The business had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $12.59 million. equities research analysts forecast that WhiteHorse Finance will post 1.38 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WHF. Macquarie Group Ltd. bought a new stake in shares of WhiteHorse Finance during the 3rd quarter worth $539,000. Goldman Sachs Group Inc. raised its stake in shares of WhiteHorse Finance by 211.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after purchasing an additional 31,367 shares during the period. AXA increased its holdings in WhiteHorse Finance by 161.6% in the 4th quarter. AXA now owns 33,217 shares of the investment management company’s stock worth $446,000 after acquiring an additional 20,517 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in WhiteHorse Finance in the 3rd quarter worth about $174,000. Finally, Eqis Capital Management Inc. purchased a new stake in WhiteHorse Finance in the 4th quarter worth about $138,000. Institutional investors own 8.75% of the company’s stock.
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.