StockNews.com Downgrades WhiteHorse Finance (NASDAQ:WHF) to Hold

WhiteHorse Finance (NASDAQ:WHF) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, JPMorgan Chase & Co. cut their price target on WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.81.

WhiteHorse Finance Price Performance

WHF opened at $12.75 on Friday. The firm has a market cap of $296.31 million, a P/E ratio of 14.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.36 and a current ratio of 1.36. WhiteHorse Finance has a fifty-two week low of $11.30 and a fifty-two week high of $13.69. The firm has a 50-day moving average of $12.59 and a 200 day moving average of $12.50.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The business had revenue of $25.63 million for the quarter, compared to the consensus estimate of $25.33 million. On average, research analysts expect that WhiteHorse Finance will post 1.81 EPS for the current year.

Institutional Trading of WhiteHorse Finance

Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its stake in shares of WhiteHorse Finance by 8.0% during 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 purchasing an additional 20,882 shares in the last quarter. Toroso Investments LLC boosted its position in WhiteHorse Finance by 6.4% during the 3rd quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock valued at $774,000 after acquiring an additional 3,668 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of WhiteHorse Finance by 5.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock worth $317,000 after acquiring an additional 1,270 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of WhiteHorse Finance by 16.1% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 75,255 shares of the investment management company’s stock valued at $988,000 after purchasing an additional 10,422 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of WhiteHorse Finance by 6.3% in the 4th quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock valued at $9,273,000 after purchasing an additional 44,420 shares during the period. 13.20% of the stock is owned by institutional investors.

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.