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.
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.
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