WhiteHorse Finance, Inc. (WHF) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “

A number of other brokerages have also issued reports on WHF. Robert W. Baird lowered shares of WhiteHorse Finance from an outperform rating to a neutral rating and set a $15.00 price objective for the company. in a report on Monday, October 23rd. BidaskClub raised shares of WhiteHorse Finance from a hold rating to a buy rating in a report on Tuesday, August 22nd. Finally, ValuEngine raised shares of WhiteHorse Finance from a buy rating to a strong-buy rating in a report on Friday, September 1st.

Shares of WhiteHorse Finance (NASDAQ:WHF) opened at $13.81 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02. WhiteHorse Finance has a 1-year low of $11.01 and a 1-year high of $15.05. The stock has a market cap of $275.95, a PE ratio of 9.67 and a beta of 0.75.

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A number of hedge funds and other institutional investors have recently bought and sold shares of WHF. Goldman Sachs Group Inc. acquired a new position in WhiteHorse Finance in the first quarter valued at about $205,000. Janney Montgomery Scott LLC lifted its position in shares of WhiteHorse Finance by 1.3% during the second quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock worth $268,000 after purchasing an additional 255 shares in the last quarter. BB&T Securities LLC acquired a new stake in shares of WhiteHorse Finance during the second quarter worth about $152,000. JPMorgan Chase & Co. acquired a new stake in shares of WhiteHorse Finance during the second quarter worth about $191,000. Finally, AJO LP acquired a new stake in shares of WhiteHorse Finance during the second quarter worth about $216,000. 9.35% of the stock is currently owned by institutional investors.

WhiteHorse Finance Company Profile

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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