WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 183,800 shares, a decline of 16.4% from the April 15th total of 219,800 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 76,600 shares, the days-to-cover ratio is currently 2.4 days.
WHF stock opened at $13.88 on Tuesday. The company has a market cap of $321.95 million, a P/E ratio of 10.68 and a beta of 1.29. WhiteHorse Finance has a 52 week low of $13.30 and a 52 week high of $16.23. The company’s 50-day moving average price is $14.93 and its 200 day moving average price is $15.20. The company has a current ratio of 1.98, a quick ratio of 1.40 and a debt-to-equity ratio of 1.35.
WhiteHorse Finance (NASDAQ:WHF – Get Rating) last released its quarterly earnings data on Thursday, March 3rd. The investment management company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $18.85 million. WhiteHorse Finance had a return on equity of 9.01% and a net margin of 37.16%. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities research analysts expect that WhiteHorse Finance will post 1.42 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in WhiteHorse Finance during the second quarter worth about $486,000. Raymond James & Associates raised its position in WhiteHorse Finance by 35.2% during the third quarter. Raymond James & Associates now owns 67,904 shares of the investment management company’s stock worth $1,033,000 after acquiring an additional 17,688 shares during the last quarter. BlackRock Inc. raised its position in WhiteHorse Finance by 19.6% during the third quarter. BlackRock Inc. now owns 111,736 shares of the investment management company’s stock worth $1,701,000 after acquiring an additional 18,328 shares during the last quarter. Citadel Advisors LLC raised its position in WhiteHorse Finance by 17.4% during the third quarter. Citadel Advisors LLC now owns 20,797 shares of the investment management company’s stock worth $316,000 after acquiring an additional 3,076 shares during the last quarter. Finally, Toroso Investments LLC acquired a new position in WhiteHorse Finance during the third quarter worth about $327,000. 13.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on WHF shares. TheStreet lowered shares of WhiteHorse Finance from a “b-” rating to a “c” rating in a research note on Wednesday, April 13th. B. Riley reaffirmed a “neutral” rating on shares of WhiteHorse Finance in a report on Wednesday, March 2nd. StockNews.com downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Thursday, April 7th. Zacks Investment Research downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, Raymond James lowered their target price on shares of WhiteHorse Finance from $16.50 to $16.00 and set an “outperform” rating on the stock in a report on Friday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, WhiteHorse Finance presently has an average rating of “Hold” and a consensus price target of $15.75.
WhiteHorse Finance Company Profile (Get Rating)
WhiteHorse Finance, LLC is a non-diversified, closed-end management investment business development company specializing in originating senior secured loans to privately held small-cap companies across a broad range of industries. It invests in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.
- Get a free copy of the StockNews.com research report on WhiteHorse Finance (WHF)
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