WhiteHorse Finance (NASDAQ:WHF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “

Several other brokerages also recently weighed in on WHF. ValuEngine downgraded WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. BidaskClub upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Oppenheimer initiated coverage on shares of WhiteHorse Finance in a research report on Thursday. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Robert W. Baird downgraded shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.00.

WhiteHorse Finance (NASDAQ:WHF) traded up $0.13 during midday trading on Friday, reaching $14.09. The company’s stock had a trading volume of 59,400 shares, compared to its average volume of 71,962. The firm has a market cap of $280.26, a PE ratio of 9.82 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02. WhiteHorse Finance has a 52 week low of $11.49 and a 52 week high of $15.05.

Several hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new stake in WhiteHorse Finance in the third quarter valued at about $174,000. JPMorgan Chase & Co. increased its holdings in shares of WhiteHorse Finance by 39.7% in the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after purchasing an additional 5,664 shares during the period. Macquarie Group Ltd. acquired a new position in shares of WhiteHorse Finance in the third quarter valued at about $539,000. Telemus Capital LLC acquired a new position in shares of WhiteHorse Finance in the third quarter valued at about $148,000. Finally, IFP Advisors Inc purchased a new position in WhiteHorse Finance during the third quarter worth approximately $743,000. Institutional investors and hedge funds own 9.22% of the company’s stock.

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WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.

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