Zacks Investment Research Downgrades WhiteHorse Finance, Inc. (WHF) to Sell
WhiteHorse Finance, Inc. (NASDAQ:WHF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “
WHF has been the subject of a number of other reports. BidaskClub downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine downgraded WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, Robert W. Baird downgraded WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Monday, October 23rd.
WhiteHorse Finance (NASDAQ WHF) opened at $13.44 on Friday. WhiteHorse Finance has a fifty-two week low of $11.01 and a fifty-two week high of $15.05. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $275.95, a P/E ratio of 9.67 and a beta of 0.75.
Large investors have recently added to or reduced their stakes in the business. Telemus Capital LLC purchased a new stake in WhiteHorse Finance in the third quarter worth $148,000. BB&T Securities LLC purchased a new position in shares of WhiteHorse Finance in the second quarter valued at $152,000. JPMorgan Chase & Co. purchased a new position in shares of WhiteHorse Finance in the second quarter valued at $191,000. OxFORD Asset Management LLP purchased a new position in shares of WhiteHorse Finance in the second quarter valued at $200,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of WhiteHorse Finance in the first quarter valued at $205,000. 9.84% of the stock is owned by institutional investors and hedge funds.
About WhiteHorse Finance
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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