WhiteHorse Finance (NASDAQ:WHF) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
A number of other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of WhiteHorse Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. JPMorgan Chase & Co. boosted their price target on shares of WhiteHorse Finance from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, July 23rd. TheStreet cut shares of WhiteHorse Finance from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $14.25.
WhiteHorse Finance stock opened at $12.24 on Thursday. The firm has a market cap of $252.51 million, a PE ratio of 9.07 and a beta of 0.64. WhiteHorse Finance has a 12-month low of $10.92 and a 12-month high of $15.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.48.
WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Wednesday, August 8th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.03). The firm had revenue of $14.65 million for the quarter, compared to analysts’ expectations of $14.80 million. WhiteHorse Finance had a return on equity of 9.61% and a net margin of 86.68%. As a group, sell-side analysts forecast that WhiteHorse Finance will post 1.49 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Resource America Inc. increased its stake in WhiteHorse Finance by 2.5% in the second quarter. Resource America Inc. now owns 252,260 shares of the investment management company’s stock valued at $3,660,000 after purchasing an additional 6,047 shares during the period. Legal & General Group Plc acquired a new position in WhiteHorse Finance in the second quarter valued at $982,000. Millennium Management LLC acquired a new position in WhiteHorse Finance in the second quarter valued at $853,000. Macquarie Group Ltd. increased its stake in WhiteHorse Finance by 81.6% in the second quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock valued at $577,000 after purchasing an additional 17,861 shares during the period. Finally, Eqis Capital Management Inc. acquired a new position in WhiteHorse Finance in the second quarter valued at $200,000. Institutional investors own 8.84% of the company’s stock.
WhiteHorse Finance Company Profile
WhiteHorse Finance, LLC is a business development company.
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