News coverage about WhiteHorse Finance (NASDAQ:WHF) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WhiteHorse Finance earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 46.8754590279427 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of WhiteHorse Finance (NASDAQ WHF) opened at $12.80 on Monday. The stock has a market capitalization of $262.81, a P/E ratio of 7.19 and a beta of 0.80. WhiteHorse Finance has a one year low of $10.92 and a one year high of $15.05. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.63.
WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Friday, March 2nd. The investment management company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $13.92 million during the quarter, compared to analyst estimates of $12.59 million. WhiteHorse Finance had a return on equity of 9.46% and a net margin of 62.86%. sell-side analysts predict that WhiteHorse Finance will post 1.38 earnings per share for the current fiscal year.
Several research firms have recently issued reports on WHF. BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. JPMorgan Chase & Co. lowered their price objective on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a research note on Monday, March 5th. Ladenburg Thalmann Financial Services raised WhiteHorse Finance from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, March 5th. Zacks Investment Research lowered WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 10th. Finally, Oppenheimer began coverage on WhiteHorse Finance in a research note on Thursday, November 30th. They issued a “buy” rating and a $15.00 price objective for the company. Two equities 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 stock. The company currently has a consensus rating of “Hold” and an average price target of $13.63.
In other WhiteHorse Finance news, CEO Stuart D. Aronson purchased 2,000 shares of WhiteHorse Finance stock in a transaction dated Wednesday, March 7th. The shares were purchased at an average cost of $12.58 per share, for a total transaction of $25,160.00. Following the completion of the acquisition, the chief executive officer now owns 12,000 shares in the company, valued at approximately $150,960. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% 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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