WhiteHorse Finance, Inc. (WHF) Stock Rating Lowered by BidaskClub

WhiteHorse Finance, Inc. (NASDAQ:WHF) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other analysts also recently issued reports on the stock. Robert W. Baird downgraded 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 note on Monday, October 23rd. ValuEngine raised shares of WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th.

Shares of WhiteHorse Finance (WHF) opened at $13.44 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.53 and a quick ratio of 3.53. The stock has a market cap of $275.95, a PE ratio of 9.67 and a beta of 0.75. WhiteHorse Finance has a 12 month low of $11.01 and a 12 month high of $15.05.

ILLEGAL ACTIVITY WARNING: “WhiteHorse Finance, Inc. (WHF) Stock Rating Lowered by BidaskClub” was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.themarketsdaily.com/2017/11/12/whitehorse-finance-inc-whf-stock-rating-lowered-by-bidaskclub.html.

Several large investors have recently modified their holdings of WHF. Goldman Sachs Group Inc. purchased a new position in shares of WhiteHorse Finance during the first quarter worth approximately $205,000. Janney Montgomery Scott LLC increased its position in shares of WhiteHorse Finance by 1.3% during the second quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock worth $268,000 after acquiring an additional 255 shares during the period. BB&T Securities LLC purchased a new position in shares of WhiteHorse Finance during the second quarter worth approximately $152,000. JPMorgan Chase & Co. purchased a new position in shares of WhiteHorse Finance during the second quarter worth approximately $191,000. Finally, AJO LP purchased a new position in shares of WhiteHorse Finance during the second quarter worth approximately $216,000. 9.84% of the stock is currently 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.

Receive News & Ratings for WhiteHorse Finance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply