WhiteHorse Finance Inc (NASDAQ:WHF) Upgraded at BidaskClub
WhiteHorse Finance Inc (NASDAQ:WHF) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
WHF has been the topic of a number of other reports. Zacks Investment Research cut shares of WhiteHorse Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Robert W. Baird raised shares of WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Thursday, June 29th. Finally, ValuEngine raised shares of WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $14.13.
WhiteHorse Finance (NASDAQ WHF) traded up 0.186% on Thursday, hitting $14.026. The stock had a trading volume of 33,983 shares. WhiteHorse Finance has a one year low of $10.30 and a one year high of $14.75. The company’s 50-day moving average is $13.47 and its 200-day moving average is $13.62.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $14.29 million for the quarter, compared to analysts’ expectations of $12.57 million. WhiteHorse Finance had a net margin of 50.93% and a return on equity of 10.88%. On average, equities analysts expect that WhiteHorse Finance will post $1.41 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in shares of WhiteHorse Finance by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock worth $268,000 after buying an additional 255 shares during the last quarter. UBS Group AG raised its stake in shares of WhiteHorse Finance by 2.3% in the first quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock worth $4,024,000 after buying an additional 6,584 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of WhiteHorse Finance during the second quarter worth approximately $152,000. JPMorgan Chase & Co. bought a new stake in shares of WhiteHorse Finance during the second quarter worth approximately $191,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of WhiteHorse Finance during the first quarter worth approximately $205,000. Institutional investors and hedge funds own 11.55% of the company’s stock.
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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