BidaskClub upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a hold rating in a report issued on Saturday morning.
A number of other research firms have also recently commented on WHF. Ladenburg Thalmann Financial Services began coverage on shares of WhiteHorse Finance in a research report on Tuesday, December 19th. They set a neutral rating for the company. Zacks Investment Research raised shares of WhiteHorse Finance from a sell rating to a hold rating in a research report on Friday, December 1st. Oppenheimer began coverage on shares of WhiteHorse Finance in a research report on Thursday, November 30th. They set a buy rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. cut shares of WhiteHorse Finance from a neutral rating to an underweight rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $13.63.
Shares of WhiteHorse Finance (NASDAQ WHF) opened at $13.12 on Friday. WhiteHorse Finance has a 52-week low of $10.92 and a 52-week high of $15.05. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market cap of $270.00, a P/E ratio of 7.37 and a beta of 0.80.
In other news, CEO Stuart D. Aronson bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was bought at an average price of $12.58 per share, with a total value of $25,160.00. Following the completion of the transaction, the chief executive officer now directly owns 12,000 shares of the company’s stock, valued at approximately $150,960. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WHF. Goldman Sachs Group Inc. raised its holdings in shares of WhiteHorse Finance by 211.1% in the second quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after buying an additional 31,367 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of WhiteHorse Finance in the third quarter worth $539,000. JPMorgan Chase & Co. raised its holdings in shares of WhiteHorse Finance by 39.7% in the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock worth $295,000 after buying an additional 5,664 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of WhiteHorse Finance in the third quarter worth $174,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of WhiteHorse Finance in the fourth quarter worth $138,000. 8.75% of the stock is owned by institutional investors and hedge funds.
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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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