BidaskClub cut shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) from a hold rating to a sell rating in a report issued on Friday.

WHF has been the subject of a number of other reports. ValuEngine raised WhiteHorse Finance from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Zacks Investment Research raised WhiteHorse Finance from a sell rating to a hold rating in a research note on Saturday, August 12th. Finally, Robert W. Baird lowered WhiteHorse Finance from an outperform rating to a neutral rating and set a $15.00 price target for the company. in a research note on Monday, October 23rd.

Shares of WhiteHorse Finance (WHF) traded down $0.01 during midday trading on Friday, reaching $13.44. The company’s stock had a trading volume of 52,700 shares, compared to its average volume of 73,902. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 0.67. The company has a market cap of $276.15, a price-to-earnings ratio of 9.68 and a beta of 0.75. WhiteHorse Finance has a 52-week low of $11.01 and a 52-week high of $15.05.

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, beating analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $14.29 million during the quarter, compared to analyst estimates of $12.57 million. WhiteHorse Finance had a return on equity of 9.91% and a net margin of 64.58%. analysts predict that WhiteHorse Finance will post 1.36 EPS for the current year.

WARNING: “WhiteHorse Finance, Inc. (WHF) Downgraded to Sell at BidaskClub” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/12/whitehorse-finance-inc-whf-downgraded-to-sell-at-bidaskclub.html.

Several large investors have recently made changes to their positions in WHF. Goldman Sachs Group Inc. acquired a new stake in shares of WhiteHorse Finance during the 1st quarter valued at $205,000. Janney Montgomery Scott LLC lifted its position in shares of WhiteHorse Finance by 1.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 255 shares during the last quarter. BB&T Securities LLC acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter valued at $152,000. JPMorgan Chase & Co. acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter valued at $191,000. Finally, AJO LP acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter valued at $216,000. Institutional investors own 9.84% of the company’s stock.

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.

Receive News & Stock Ratings for WhiteHorse Finance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance Inc. and related stocks with our FREE daily email newsletter.