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

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

Other equities research analysts have also recently issued reports about the stock. B. Riley cut shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price target for the company. in a report on Monday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, WhiteHorse Finance has an average rating of “Hold” and an average target price of $12.81.

WhiteHorse Finance Trading Down 1.4 %

Shares of NASDAQ WHF traded down $0.18 during midday trading on Thursday, reaching $12.82. 75,032 shares of the stock were exchanged, compared to its average volume of 70,332. The business has a 50-day simple moving average of $12.52 and a two-hundred day simple moving average of $12.47. The company has a market capitalization of $297.94 million, a price-to-earnings ratio of 14.57 and a beta of 1.28. WhiteHorse Finance has a 12 month low of $11.13 and a 12 month high of $13.69. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.36 and a quick ratio of 1.36.

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

Institutional Investors Weigh In On WhiteHorse Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in WhiteHorse Finance by 5.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock worth $317,000 after buying an additional 1,270 shares during the last quarter. Virtus ETF Advisers LLC raised its holdings in WhiteHorse Finance by 74.2% in the third quarter. Virtus ETF Advisers LLC now owns 57,966 shares of the investment management company’s stock worth $740,000 after purchasing an additional 24,681 shares in the last quarter. NewEdge Wealth LLC bought a new position in WhiteHorse Finance in the third quarter worth about $145,000. Atria Wealth Solutions Inc. raised its holdings in WhiteHorse Finance by 16.1% in the third quarter. Atria Wealth Solutions Inc. now owns 75,255 shares of the investment management company’s stock worth $988,000 after purchasing an additional 10,422 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of WhiteHorse Finance during the third quarter valued at about $248,000. 13.20% of the stock is owned by hedge funds and other 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.