WhiteHorse Finance (NASDAQ:WHF) Cut to “Hold” at StockNews.com

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

A number of other research firms also recently weighed in on WHF. JPMorgan Chase & Co. cut their price target on WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Friday, March 1st. B. Riley downgraded 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.81.

WhiteHorse Finance Stock Down 1.4 %

WHF traded down $0.18 on Thursday, reaching $12.82. The company’s stock had a trading volume of 75,032 shares, compared to its average volume of 70,332. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50 day moving average is $12.52 and its 200 day moving average is $12.47. WhiteHorse Finance has a 1 year low of $11.13 and a 1 year high of $13.69. The stock has a market cap of $297.94 million, a price-to-earnings ratio of 14.57 and a beta of 1.28.

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

Hedge Funds Weigh In On WhiteHorse Finance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its holdings in shares of WhiteHorse Finance by 7.8% in the first quarter. Sound Income Strategies LLC now owns 812,395 shares of the investment management company’s stock valued at $10,074,000 after buying an additional 58,463 shares during the period. 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 valued at $772,000 after purchasing an additional 34,353 shares during the period. Sanders Morris Harris LLC acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth approximately $402,000. Virtus ETF Advisers LLC grew its holdings in shares of WhiteHorse Finance by 74.2% during the 3rd quarter. Virtus ETF Advisers LLC now owns 57,966 shares of the investment management company’s stock worth $740,000 after purchasing an additional 24,681 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in WhiteHorse Finance by 8.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock valued at $3,581,000 after buying an additional 20,882 shares in the last quarter. 13.20% of the stock is owned by institutional investors and hedge funds.

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.