WhiteHorse Finance (WHF) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a hold rating to a buy rating in a research note issued to investors on Thursday. The brokerage currently has $14.00 price target on the investment management company’s stock.

According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “

A number of other research analysts have also recently issued reports on the stock. BidaskClub raised shares of WhiteHorse Finance from a hold rating to a buy rating in a report on Friday, July 20th. TheStreet cut shares of WhiteHorse Finance from a b rating to a c+ rating in a report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of WhiteHorse Finance from $13.00 to $14.00 and gave the stock a neutral rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $14.25.

NASDAQ:WHF opened at $12.24 on Thursday. WhiteHorse Finance has a 52 week low of $10.92 and a 52 week high of $15.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $251.48 million, a P/E ratio of 8.87 and a beta of 0.75.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Wednesday, August 8th. The investment management company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). WhiteHorse Finance had a net margin of 86.68% and a return on equity of 9.61%. The firm had revenue of $14.65 million for the quarter, compared to analysts’ expectations of $14.80 million. As a group, equities analysts anticipate that WhiteHorse Finance will post 1.48 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of WHF. Dynamic Technology Lab Private Ltd acquired a new position in shares of WhiteHorse Finance in the 1st quarter valued at about $165,000. Eqis Capital Management Inc. acquired a new position in shares of WhiteHorse Finance in the 2nd quarter valued at about $200,000. Telemus Capital LLC acquired a new position in shares of WhiteHorse Finance in the 2nd quarter valued at about $145,000. Legal & General Group Plc acquired a new position in shares of WhiteHorse Finance in the 2nd quarter valued at about $982,000. Finally, Resource America Inc. lifted its stake in shares of WhiteHorse Finance by 2.5% in the 2nd quarter. Resource America Inc. now owns 252,260 shares of the investment management company’s stock valued at $3,660,000 after purchasing an additional 6,047 shares during the period. 8.84% of the stock is owned by institutional investors and hedge funds.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

Further Reading: Understanding Market Liquidity

Get a free copy of the Zacks research report on WhiteHorse Finance (WHF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for WhiteHorse Finance (NASDAQ:WHF)

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

Leave a Reply