WhiteHorse Finance (NASDAQ:WHF) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday, BidAskClub reports.

Separately, Zacks Investment Research downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. WhiteHorse Finance presently has an average rating of “Hold” and a consensus target price of $14.17.

WHF stock opened at $14.07 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $290.52 million, a P/E ratio of 9.38 and a beta of 0.73. WhiteHorse Finance has a 12-month low of $11.89 and a 12-month high of $15.80.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Wednesday, March 6th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The firm had revenue of $16.67 million for the quarter, compared to the consensus estimate of $15.73 million. WhiteHorse Finance had a return on equity of 9.50% and a net margin of 80.64%. On average, research analysts expect that WhiteHorse Finance will post 1.5 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in WhiteHorse Finance by 4.3% during the 1st quarter. BlackRock Inc. now owns 39,552 shares of the investment management company’s stock worth $562,000 after purchasing an additional 1,635 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV grew its stake in WhiteHorse Finance by 13.3% during the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 16,195 shares of the investment management company’s stock worth $230,000 after purchasing an additional 1,907 shares in the last quarter. Citigroup Inc. grew its stake in WhiteHorse Finance by 164.4% during the 4th quarter. Citigroup Inc. now owns 4,760 shares of the investment management company’s stock worth $61,000 after purchasing an additional 2,960 shares in the last quarter. Advantage Investment Management LLC grew its stake in WhiteHorse Finance by 27.0% during the 1st quarter. Advantage Investment Management LLC now owns 18,237 shares of the investment management company’s stock worth $259,000 after purchasing an additional 3,881 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in WhiteHorse Finance by 19.1% during the 1st quarter. JPMorgan Chase & Co. now owns 24,407 shares of the investment management company’s stock worth $347,000 after purchasing an additional 3,910 shares in the last quarter. 13.06% of the stock is owned by hedge funds and other institutional investors.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

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