WhiteHorse Finance, Inc. (WHF) Downgraded to Sell at BidaskClub
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.
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.
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