BidaskClub upgraded shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) from a sell rating to a hold rating in a research report report published on Thursday morning.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut WhiteHorse Finance from a hold rating to a sell rating in a report on Thursday, July 13th. Robert W. Baird upgraded WhiteHorse Finance from a neutral rating to an outperform rating and set a $15.00 price target on the stock in a report on Thursday, June 29th. Finally, ValuEngine upgraded WhiteHorse Finance from a buy rating to a strong-buy rating in a report on Friday, June 2nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $14.33.
WhiteHorse Finance (NASDAQ:WHF) opened at 13.99 on Thursday. The stock has a 50 day moving average of $13.45 and a 200 day moving average of $13.63. WhiteHorse Finance has a 52 week low of $10.30 and a 52 week high of $14.75.
WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Tuesday, August 8th. The investment management company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The firm had revenue of $14.29 million during the quarter, compared to the consensus estimate of $12.57 million. WhiteHorse Finance had a return on equity of 10.57% and a net margin of 62.57%. Analysts predict that WhiteHorse Finance will post $1.41 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This article was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://transcriptdaily.com/2017/08/13/whitehorse-finance-inc-nasdaqwhf-upgraded-at-bidaskclub.html.
A number of hedge funds have recently made changes to their positions in WHF. Janney Montgomery Scott LLC bought a new stake in shares of WhiteHorse Finance during the first quarter valued at approximately $273,000. Hillsdale Investment Management Inc. bought a new stake in shares of WhiteHorse Finance during the first quarter valued at approximately $476,000. UBS Group AG boosted its stake in shares of WhiteHorse Finance by 2.3% in the first quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock valued at $4,024,000 after buying an additional 6,584 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of WhiteHorse Finance during the second quarter valued at approximately $200,000. Finally, Ativo Capital Management LLC bought a new stake in shares of WhiteHorse Finance during the second quarter valued at approximately $1,097,000. Institutional investors and hedge funds own 11.55% of the company’s stock.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.