WhiteHorse Finance Inc. (WHF) Receives Consensus Rating of “Buy” from Analysts
WhiteHorse Finance Inc. (NASDAQ:WHF) has been given a consensus rating of “Buy” by the six analysts that are currently covering the company. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.40.
Several analysts have weighed in on the company. Robert W. Baird downgraded WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Tuesday, August 9th. TheStreet upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Citigroup Inc. boosted their price target on WhiteHorse Finance from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, September 14th. Deutsche Bank AG set a $13.50 target price on WhiteHorse Finance and gave the stock a “buy” rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.
WhiteHorse Finance (NASDAQ:WHF) opened at 11.77 on Wednesday. The firm’s 50-day moving average price is $10.97 and its 200 day moving average price is $11.08. WhiteHorse Finance has a 12-month low of $9.14 and a 12-month high of $12.99.
WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Thursday, November 3rd. The investment management company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. WhiteHorse Finance had a return on equity of 8.94% and a net margin of 14.26%. Equities analysts forecast that WhiteHorse Finance will post $1.45 earnings per share for the current year.
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In other WhiteHorse Finance news, Director John Bolduc purchased 3,180 shares of WhiteHorse Finance stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of $10.85 per share, with a total value of $34,503.00. Following the acquisition, the director now owns 157,146 shares of the company’s stock, valued at approximately $1,705,034.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. boosted its position in shares of WhiteHorse Finance by 4.9% in the second quarter. Baird Financial Group Inc. now owns 25,554 shares of the investment management company’s stock worth $276,000 after buying an additional 1,203 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new position in shares of WhiteHorse Finance during the second quarter worth approximately $393,000. Orinda Asset Management LLC purchased a new position in shares of WhiteHorse Finance during the second quarter worth approximately $655,000. Morgan Stanley boosted its position in shares of WhiteHorse Finance by 7.5% in the third quarter. Morgan Stanley now owns 133,915 shares of the investment management company’s stock worth $1,464,000 after buying an additional 9,287 shares during the last quarter. Finally, Nantahala Capital Management LLC boosted its position in shares of WhiteHorse Finance by 18.8% in the first quarter. Nantahala Capital Management LLC now owns 235,669 shares of the investment management company’s stock worth $2,446,000 after buying an additional 37,347 shares during the last quarter. 10.48% of the stock is owned by institutional investors.
WhiteHorse Finance Company Profile
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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