WhiteHorse Finance, Inc. (NASDAQ:WHF) – Investment analysts at Oppenheimer issued their FY2017 earnings estimates for shares of WhiteHorse Finance in a research report issued to clients and investors on Thursday. Oppenheimer analyst C. Kotowski expects that the investment management company will post earnings of $1.35 per share for the year. Oppenheimer currently has a “Buy” rating and a $15.00 target price on the stock. Oppenheimer also issued estimates for WhiteHorse Finance’s Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.45 EPS.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Friday, November 10th. ValuEngine downgraded shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, Robert W. Baird downgraded shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.00.
Several institutional investors and hedge funds have recently made changes to their positions in WHF. Ativo Capital Management LLC purchased a new position in shares of WhiteHorse Finance in the 2nd quarter valued at about $1,097,000. IFP Advisors Inc purchased a new position in shares of WhiteHorse Finance in the 3rd quarter valued at about $743,000. Macquarie Group Ltd. purchased a new position in shares of WhiteHorse Finance in the 3rd quarter valued at about $539,000. Goldman Sachs Group Inc. grew its stake in WhiteHorse Finance by 211.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock valued at $618,000 after acquiring an additional 31,367 shares during the last quarter. Finally, Ares Management LLC grew its stake in WhiteHorse Finance by 5.5% in the 2nd quarter. Ares Management LLC now owns 411,234 shares of the investment management company’s stock valued at $5,498,000 after acquiring an additional 21,345 shares during the last quarter. 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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