WhiteHorse Finance (WHF) Upgraded to “Hold” by Zacks Investment Research
WhiteHorse Finance (NASDAQ:WHF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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. “
Other equities analysts also recently issued research reports about the company. 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. BidaskClub lowered shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, September 1st. ValuEngine lowered WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Oppenheimer started coverage on WhiteHorse Finance in a research note on Thursday. They set a “buy” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. WhiteHorse Finance has an average rating of “Hold” and an average price target of $15.00.
WhiteHorse Finance (WHF) opened at $14.09 on Friday. WhiteHorse Finance has a 52 week low of $11.49 and a 52 week high of $15.05. The stock has a market cap of $280.26, a P/E ratio of 9.82 and a beta of 0.75. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.
Several hedge funds have recently added to or reduced their stakes in WHF. Ativo Capital Management LLC bought a new stake in WhiteHorse Finance during the second quarter worth $1,097,000. IFP Advisors Inc purchased a new stake in shares of WhiteHorse Finance during the 3rd quarter worth approximately $743,000. Macquarie Group Ltd. bought a new stake in WhiteHorse Finance in the third quarter worth $539,000. Goldman Sachs Group Inc. lifted its position in WhiteHorse Finance by 211.1% during the second quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock valued at $618,000 after purchasing an additional 31,367 shares during the period. Finally, Ares Management LLC increased its stake in shares of WhiteHorse Finance by 5.5% in the second quarter. Ares Management LLC now owns 411,234 shares of the investment management company’s stock worth $5,498,000 after purchasing an additional 21,345 shares in the last quarter. 9.22% of the stock is currently owned by hedge funds and other institutional investors.
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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