WhiteHorse Finance (NASDAQ:WHF) Stock Rating Lowered by Oppenheimer

WhiteHorse Finance (NASDAQ:WHF) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a $12.00 target price on the investment management company’s stock, down from their previous target price of $14.00. Oppenheimer’s price objective suggests a potential upside of 13.31% from the company’s previous close.

A number of other research firms have also commented on WHF. JPMorgan Chase & Co. reduced their price objective on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a research note on Monday, July 29th. Raymond James restated a “market perform” rating on shares of WhiteHorse Finance in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, WhiteHorse Finance currently has an average rating of “Hold” and a consensus target price of $12.25.

WhiteHorse Finance Stock Performance

Shares of NASDAQ:WHF opened at $10.59 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.47 and a quick ratio of 1.47. The business’s fifty day moving average price is $11.73 and its two-hundred day moving average price is $12.17. WhiteHorse Finance has a fifty-two week low of $10.57 and a fifty-two week high of $13.44. The stock has a market capitalization of $246.11 million, a price-to-earnings ratio of 23.70 and a beta of 1.28.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC lifted its stake in WhiteHorse Finance by 1,057.0% in the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after buying an additional 2,114 shares during the period. EntryPoint Capital LLC bought a new stake in WhiteHorse Finance in the first quarter valued at approximately $39,000. CANADA LIFE ASSURANCE Co increased its stake in WhiteHorse Finance by 19.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 3,013 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in WhiteHorse Finance by 48.6% in the second quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock worth $270,000 after purchasing an additional 7,195 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of WhiteHorse Finance during the second quarter worth $357,000. Institutional investors own 13.20% of the company’s stock.

About WhiteHorse Finance

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.