WhiteHorse Finance (NASDAQ:WHF) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of WhiteHorse Finance from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, July 23rd. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. WhiteHorse Finance currently has a consensus rating of “Hold” and a consensus price target of $14.25.

NASDAQ WHF traded down $0.06 on Friday, hitting $13.80. 87,153 shares of the stock were exchanged, compared to its average volume of 51,203. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. WhiteHorse Finance has a fifty-two week low of $10.92 and a fifty-two week high of $15.80. The stock has a market capitalization of $284.77 million, a PE ratio of 10.20 and a beta of 0.65.

In other news, Director G Stacy Smith sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $14.92, for a total transaction of $268,560.00. Following the completion of the sale, the director now owns 19,210 shares in the company, valued at approximately $286,613.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Resource America Inc. raised its position in WhiteHorse Finance by 128.3% in the 1st quarter. Resource America Inc. now owns 246,213 shares of the investment management company’s stock valued at $3,058,000 after purchasing an additional 138,375 shares during the last quarter. Gables Capital Management Inc. purchased a new stake in WhiteHorse Finance in the 1st quarter valued at $1,251,000. Legal & General Group Plc purchased a new stake in WhiteHorse Finance in the 2nd quarter valued at $982,000. Millennium Management LLC purchased a new stake in WhiteHorse Finance in the 2nd quarter valued at $853,000. Finally, Buckhead Capital Management LLC raised its position in WhiteHorse Finance by 231.9% in the 1st quarter. Buckhead Capital Management LLC now owns 56,500 shares of the investment management company’s stock valued at $702,000 after purchasing an additional 39,475 shares during the last quarter. Institutional investors and hedge funds own 8.84% of the company’s stock.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

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Analyst Recommendations for WhiteHorse Finance (NASDAQ:WHF)

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