WhiteHorse Finance, Inc. (WHF) Receives Consensus Recommendation of “Hold” from Brokerages

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.

Shares of WhiteHorse Finance (WHF) opened at $12.45 on Wednesday. The firm has a market cap of $255.62, a P/E ratio of 6.69 and a beta of 0.66. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.64. WhiteHorse Finance has a 1 year low of $12.14 and a 1 year high of $15.05.

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.

TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/07/whitehorse-finance-inc-whf-receives-consensus-recommendation-of-hold-from-brokerages.html.

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.

Receive News & Ratings for WhiteHorse Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply