WhiteHorse Finance, Inc. (NASDAQ:WHF) Upgraded at BidaskClub

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.

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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.

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