Susquehanna International Group LLP Invests $174,000 in WhiteHorse Finance, Inc. (WHF)
Susquehanna International Group LLP acquired a new position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,795 shares of the investment management company’s stock, valued at approximately $174,000. Susquehanna International Group LLP owned 0.06% of WhiteHorse Finance as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Telemus Capital LLC acquired a new stake in shares of WhiteHorse Finance during the 3rd quarter worth approximately $148,000. BB&T Securities LLC acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $152,000. JPMorgan Chase & Co. acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $191,000. OxFORD Asset Management LLP acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $200,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of WhiteHorse Finance during the 1st quarter worth approximately $205,000. 9.22% of the stock is owned by institutional investors.
WhiteHorse Finance, Inc. (NASDAQ WHF) opened at $13.87 on Wednesday. WhiteHorse Finance, Inc. has a twelve month low of $12.06 and a twelve month high of $15.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $288.47, a price-to-earnings ratio of 10.11 and a beta of 0.74.
WHF has been the subject of several recent analyst reports. Robert W. Baird downgraded shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Monday, October 23rd. BidaskClub cut WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, September 1st. ValuEngine cut WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Oppenheimer started coverage on WhiteHorse Finance in a report on Thursday, November 30th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.00.
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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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