WhiteHorse Finance (NASDAQ:WHF) Rating Lowered to Hold at StockNews.com

WhiteHorse Finance (NASDAQ:WHF) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other research firms have also recently weighed in on WHF. B. Riley cut shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price objective for the company. in a research report on Monday, January 8th. JPMorgan Chase & Co. reduced their target price on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.81.

WhiteHorse Finance Trading Up 0.6 %

WHF opened at $12.90 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $299.80 million, a PE ratio of 14.66 and a beta of 1.28. WhiteHorse Finance has a 1-year low of $11.13 and a 1-year high of $13.69. The firm has a 50-day moving average price of $12.53 and a two-hundred day moving average price of $12.47.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. As a group, equities analysts anticipate that WhiteHorse Finance will post 1.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC boosted its stake in WhiteHorse Finance by 7.8% during the 1st quarter. Sound Income Strategies LLC now owns 812,395 shares of the investment management company’s stock worth $10,074,000 after acquiring an additional 58,463 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in WhiteHorse Finance by 8.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock worth $3,581,000 after acquiring an additional 20,882 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in WhiteHorse Finance by 32.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,434 shares of the investment management company’s stock worth $989,000 after acquiring an additional 18,885 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in WhiteHorse Finance by 16.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 75,255 shares of the investment management company’s stock worth $988,000 after acquiring an additional 10,422 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in WhiteHorse Finance by 121.4% during the 4th quarter. Quadrature Capital Ltd now owns 62,643 shares of the investment management company’s stock worth $772,000 after acquiring an additional 34,353 shares during the last quarter. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.