WhiteHorse Finance, Inc. (WHF) Upgraded at ValuEngine
ValuEngine upgraded shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) from a buy rating to a strong-buy rating in a research report released on Friday morning.
WHF has been the subject of several other reports. BidaskClub downgraded shares of WhiteHorse Finance from a buy rating to a hold rating in a report on Friday. Robert W. Baird raised shares of WhiteHorse Finance from a neutral rating to an outperform rating and set a $15.00 price objective for the company in a report on Thursday, June 29th. Finally, Zacks Investment Research raised shares of WhiteHorse Finance from a hold rating to a buy rating and set a $16.00 price objective for the company in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $14.33.
Shares of WhiteHorse Finance (NASDAQ:WHF) opened at 14.15 on Friday. WhiteHorse Finance has a 52 week low of $10.30 and a 52 week high of $14.75. The company has a 50 day moving average price of $13.79 and a 200 day moving average price of $13.80.
WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. WhiteHorse Finance had a net margin of 62.57% and a return on equity of 10.57%. The company had revenue of $14.29 million during the quarter, compared to analyst estimates of $12.57 million. On average, analysts expect that WhiteHorse Finance will post $1.41 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new position in WhiteHorse Finance in the 1st quarter worth approximately $273,000. Hillsdale Investment Management Inc. bought a new position in WhiteHorse Finance in the 1st quarter worth approximately $476,000. Goldman Sachs Group Inc. bought a new position in WhiteHorse Finance in the 1st quarter worth approximately $205,000. UBS Group AG boosted its holdings in WhiteHorse Finance by 2.3% in the 1st quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock worth $4,024,000 after buying an additional 6,584 shares during the period. Finally, Ares Management LLC boosted its holdings in WhiteHorse Finance by 5.5% in the 2nd quarter. Ares Management LLC now owns 411,234 shares of the investment management company’s stock worth $5,498,000 after buying an additional 21,345 shares during the period. 9.61% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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