BidaskClub upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a hold rating in a research note published on Saturday morning.
A number of other research firms have also recently commented on WHF. Ladenburg Thalmann Financial Services started coverage on WhiteHorse Finance in a research note on Tuesday, December 19th. They set a neutral rating on the stock. Zacks Investment Research upgraded WhiteHorse Finance from a sell rating to a hold rating in a research note on Friday, December 1st. Oppenheimer started coverage on WhiteHorse Finance in a research note on Thursday, November 30th. They set a buy rating and a $15.00 target price on the stock. Finally, JPMorgan Chase & Co. cut WhiteHorse Finance from a neutral rating to an underweight rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. WhiteHorse Finance presently has an average rating of Hold and an average target price of $13.63.
Shares of WhiteHorse Finance (WHF) traded up $0.27 during trading hours on Friday, reaching $12.81. The company’s stock had a trading volume of 34,301 shares, compared to its average volume of 62,647. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.64. WhiteHorse Finance has a fifty-two week low of $10.92 and a fifty-two week high of $15.05. The company has a market cap of $262.40, a PE ratio of 7.20 and a beta of 0.80.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WHF. Macquarie Group Ltd. bought a new stake in shares of WhiteHorse Finance during the 3rd quarter worth $539,000. Goldman Sachs Group Inc. raised its stake in shares of WhiteHorse Finance by 211.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after purchasing an additional 31,367 shares during the period. AXA increased its holdings in WhiteHorse Finance by 161.6% in the 4th quarter. AXA now owns 33,217 shares of the investment management company’s stock worth $446,000 after acquiring an additional 20,517 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in WhiteHorse Finance in the 3rd quarter worth about $174,000. Finally, Eqis Capital Management Inc. purchased a new stake in WhiteHorse Finance in the 4th quarter worth about $138,000. Institutional investors own 8.75% of the company’s stock.
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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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