WhiteHorse Finance, Inc. (NASDAQ:WHF) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.00.
WHF has been the subject of several analyst reports. Oppenheimer initiated coverage on shares of WhiteHorse Finance in a research report on Thursday, November 30th. They set a “buy” rating and a $15.00 price target for the company. ValuEngine downgraded shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Ladenburg Thalmann Financial Services initiated coverage on shares of WhiteHorse Finance in a research report on Tuesday, December 19th. They set a “neutral” rating for the company. Finally, Robert W. Baird downgraded shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Monday, October 23rd.
Large investors have recently bought and sold shares of the business. Eqis Capital Management Inc. bought a new stake in WhiteHorse Finance in the 4th quarter worth approximately $138,000. Telemus Capital LLC bought a new stake in WhiteHorse Finance in the 3rd quarter worth approximately $148,000. Susquehanna International Group LLP bought a new stake in WhiteHorse Finance in the 3rd quarter worth approximately $174,000. JPMorgan Chase & Co. bought a new stake in WhiteHorse Finance in the 2nd quarter worth approximately $191,000. Finally, OxFORD Asset Management LLP bought a new stake in WhiteHorse Finance in the 2nd quarter worth approximately $200,000. 9.27% of the stock is owned by institutional investors and hedge funds.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.04). The firm had revenue of $13.02 million for the quarter, compared to the consensus estimate of $12.94 million. WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%. research analysts forecast that WhiteHorse Finance will post 1.33 EPS for the current fiscal year.
About WhiteHorse Finance
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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