WhiteHorse Finance (WHF) Upgraded to Hold by ValuEngine

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ValuEngine upgraded shares of WhiteHorse Finance (NASDAQ:WHF) from a sell rating to a hold rating in a research note released on Wednesday.

Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of WhiteHorse Finance from a hold rating to a buy rating in a research note on Friday, July 20th. B. Riley reissued a buy rating and issued a $15.00 price objective on shares of WhiteHorse Finance in a research note on Friday, November 2nd. Zacks Investment Research raised shares of WhiteHorse Finance from a hold rating to a buy rating and set a $14.00 price objective for the company in a research note on Thursday, November 1st. TheStreet downgraded shares of WhiteHorse Finance from a b rating to a c+ rating in a research note on Wednesday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on WhiteHorse Finance from $13.00 to $14.00 and gave the stock a neutral rating in a research report on Monday, July 23rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. WhiteHorse Finance currently has a consensus rating of Buy and an average price target of $14.25.

NASDAQ:WHF traded up $0.06 during trading hours on Wednesday, reaching $13.80. The company’s stock had a trading volume of 310 shares, compared to its average volume of 31,132. The company has a market capitalization of $276.55 million, a price-to-earnings ratio of 10.19 and a beta of 0.75. WhiteHorse Finance has a 12 month low of $10.92 and a 12 month high of $15.80. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Tuesday, November 6th. The investment management company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $15.32 million during the quarter, compared to the consensus estimate of $15.61 million. WhiteHorse Finance had a net margin of 100.60% and a return on equity of 9.94%. On average, sell-side analysts expect that WhiteHorse Finance will post 1.48 EPS for the current year.

Several hedge funds have recently modified their holdings of WHF. Legal & General Group Plc acquired a new position in shares of WhiteHorse Finance during the second quarter worth $982,000. Millennium Management LLC purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at $853,000. Macquarie Group Ltd. grew its holdings in shares of WhiteHorse Finance by 81.6% during the second quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock valued at $577,000 after buying an additional 17,861 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at $200,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of WhiteHorse Finance during the first quarter valued at $165,000. 8.84% of the stock is currently owned by institutional investors and hedge funds.

WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

Featured Story: Cost of Capital Explained

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for WhiteHorse Finance (NASDAQ:WHF)

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