WhiteHorse Finance, Inc. (NASDAQ:WHF) Upgraded to Hold by Zacks Investment Research
WhiteHorse Finance, Inc. (NASDAQ:WHF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.
According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “
A number of other brokerages also recently commented on WHF. ValuEngine upgraded WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Robert W. Baird upgraded WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Thursday, June 29th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. WhiteHorse Finance currently has an average rating of “Buy” and an average target price of $14.33.
WhiteHorse Finance (NASDAQ WHF) opened at 13.99 on Friday. WhiteHorse Finance has a 52-week low of $10.30 and a 52-week high of $14.75. The firm’s 50-day moving average price is $13.45 and its 200 day moving average price is $13.63.
WhiteHorse Finance (NASDAQ:WHF) last released its 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. WhiteHorse Finance had a return on equity of 10.57% and a net margin of 62.57%. The firm had revenue of $14.29 million during the quarter, compared to the consensus estimate of $12.57 million. Equities analysts anticipate that WhiteHorse Finance will post $1.41 earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. BB&T Securities LLC acquired a new stake in WhiteHorse Finance during the second quarter worth about $152,000. JPMorgan Chase & Co. acquired a new stake in WhiteHorse Finance during the second quarter worth about $191,000. OxFORD Asset Management LLP acquired a new stake in WhiteHorse Finance during the second quarter worth about $200,000. Goldman Sachs Group Inc. acquired a new stake in WhiteHorse Finance during the first quarter worth about $205,000. Finally, AJO LP acquired a new stake in WhiteHorse Finance during the second quarter worth about $216,000. Institutional investors 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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