WhiteHorse Finance Inc (NASDAQ:WHF) CEO Stuart D. Aronson purchased 2,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was acquired at an average cost of $12.58 per share, with a total value of $25,160.00. Following the completion of the purchase, the chief executive officer now directly owns 12,000 shares of the company’s stock, valued at $150,960. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
WhiteHorse Finance Inc (WHF) opened at $12.94 on Wednesday. WhiteHorse Finance Inc has a 52-week low of $10.92 and a 52-week high of $15.05. The stock has a market cap of $272.75, a PE ratio of 7.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02.
WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Friday, March 2nd. The investment management company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. WhiteHorse Finance had a net margin of 62.86% and a return on equity of 9.57%. The firm had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $12.59 million. equities research analysts expect that WhiteHorse Finance Inc will post 1.38 EPS for the current fiscal year.
WHF has been the topic of a number of analyst reports. BidaskClub upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Ladenburg Thalmann Financial Services initiated coverage on shares of WhiteHorse Finance in a research report on Tuesday, December 19th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 10th. Oppenheimer initiated coverage on shares of WhiteHorse Finance in a research report on Thursday, November 30th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a research report on Monday, March 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.63.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. purchased a new position in shares of WhiteHorse Finance during the fourth quarter valued at about $138,000. Susquehanna International Group LLP purchased a new position in shares of WhiteHorse Finance during the third quarter valued at about $174,000. JPMorgan Chase & Co. increased its position in shares of WhiteHorse Finance by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after buying an additional 5,664 shares during the period. AXA increased its position in shares of WhiteHorse Finance by 161.6% during the fourth quarter. AXA now owns 33,217 shares of the investment management company’s stock valued at $446,000 after buying an additional 20,517 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in shares of WhiteHorse Finance during the third quarter valued at about $539,000. Institutional investors own 8.75% 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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