Shares of WhiteHorse Finance Inc (NASDAQ:WHF) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.83.
Several equities research analysts have recently issued reports on WHF shares. CIBC restated a “market perform” rating on shares of WhiteHorse Finance in a report on Thursday, August 8th. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Oppenheimer cut WhiteHorse Finance from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Raymond James started coverage on WhiteHorse Finance in a report on Tuesday, June 18th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, BidaskClub cut WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th.
WhiteHorse Finance stock traded up $0.33 during mid-day trading on Friday, hitting $13.10. 70,800 shares of the company were exchanged, compared to its average volume of 70,575. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.89 and a quick ratio of 1.51. The business’s 50 day simple moving average is $13.81 and its two-hundred day simple moving average is $14.09. The company has a market capitalization of $262.37 million, a P/E ratio of 8.73 and a beta of 0.60. WhiteHorse Finance has a 12-month low of $11.89 and a 12-month high of $15.00.
In other news, Director Kevin Francis Burke acquired 3,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average cost of $14.00 per share, with a total value of $42,000.00. Following the completion of the acquisition, the director now directly owns 7,530 shares in the company, valued at $105,420. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Anthony Tamer sold 229,328 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $14.00, for a total value of $3,210,592.00. Following the completion of the sale, the insider now directly owns 6,026 shares of the company’s stock, valued at $84,364. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of WhiteHorse Finance during the first quarter valued at approximately $1,241,000. Legal & General Group Plc grew its holdings in shares of WhiteHorse Finance by 12.0% during the fourth quarter. Legal & General Group Plc now owns 89,166 shares of the investment management company’s stock valued at $1,139,000 after purchasing an additional 9,546 shares during the last quarter. Advantage Investment Management LLC boosted its position in shares of WhiteHorse Finance by 9.1% during the second quarter. Advantage Investment Management LLC now owns 19,890 shares of the investment management company’s stock worth $273,000 after buying an additional 1,653 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of WhiteHorse Finance by 97.4% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,045 shares of the investment management company’s stock worth $881,000 after buying an additional 30,609 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of WhiteHorse Finance during the first quarter worth approximately $409,000. 11.94% of the stock is owned by hedge funds and other institutional investors.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
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