JPMorgan Chase & Co. lowered shares of WhiteHorse Finance (NASDAQ:WHF) from a neutral rating to an underweight rating in a research report sent to investors on Tuesday morning, Marketbeat reports.

Several other equities analysts have also recently commented on WHF. BidaskClub upgraded shares of WhiteHorse Finance from a strong sell rating to a sell rating in a research report on Monday, February 5th. Zacks Investment Research cut shares of WhiteHorse Finance from a hold rating to a sell rating in a research report on Saturday, November 11th. ValuEngine cut shares of WhiteHorse Finance from a strong-buy rating to a buy rating in a research report on Tuesday, November 7th. Oppenheimer assumed coverage on shares of WhiteHorse Finance in a research report on Thursday, November 30th. They set a buy rating and a $15.00 price objective for the company. Finally, Robert W. Baird cut shares of WhiteHorse Finance from an outperform rating to a neutral rating and set a $15.00 price objective for the company. in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. WhiteHorse Finance presently has an average rating of Hold and a consensus price target of $15.00.

WhiteHorse Finance (NASDAQ:WHF) opened at $12.14 on Tuesday. The company has a market cap of $249.46, a P/E ratio of 6.53 and a beta of 0.66. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64. WhiteHorse Finance has a 12-month low of $12.02 and a 12-month high of $15.05.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Tuesday, November 7th. The investment management company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). The firm had revenue of $13.02 million during the quarter, compared to analyst estimates of $12.94 million. WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%. sell-side analysts predict that WhiteHorse Finance will post 1.32 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in WhiteHorse Finance by 18.3% during the 4th quarter. BlackRock Inc. now owns 57,216 shares of the investment management company’s stock worth $768,000 after purchasing an additional 8,848 shares in the last quarter. IFP Advisors Inc acquired a new position in WhiteHorse Finance during the 3rd quarter worth approximately $743,000. Goldman Sachs Group Inc. increased its position in WhiteHorse Finance by 211.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after purchasing an additional 31,367 shares in the last quarter. Macquarie Group Ltd. acquired a new position in WhiteHorse Finance during the 3rd quarter worth approximately $539,000. Finally, JPMorgan Chase & Co. increased its position in WhiteHorse Finance by 39.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock worth $295,000 after purchasing an additional 5,664 shares in the last quarter. Institutional investors and hedge funds own 9.27% of the company’s stock.

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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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