WhiteHorse Finance (NASDAQ:WHF) Rating Lowered to Hold at StockNews.com

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

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

WhiteHorse Finance Price Performance

Shares of WHF opened at $12.90 on Thursday. The company has a market cap of $299.80 million, a price-to-earnings ratio of 14.66 and a beta of 1.28. WhiteHorse Finance has a 1-year low of $11.13 and a 1-year high of $13.69. The company’s fifty day simple moving average is $12.53 and its 200 day simple moving average is $12.47. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its holdings in WhiteHorse Finance by 7.8% during the 1st quarter. Sound Income Strategies LLC now owns 812,395 shares of the investment management company’s stock valued at $10,074,000 after buying an additional 58,463 shares in the last quarter. Advisors Asset Management Inc. boosted its position 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 acquiring an additional 20,882 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of WhiteHorse Finance by 32.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,434 shares of the investment management company’s stock valued at $989,000 after acquiring an additional 18,885 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of WhiteHorse Finance by 16.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 75,255 shares of the investment management company’s stock valued at $988,000 after acquiring an additional 10,422 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of WhiteHorse Finance by 121.4% during the 4th quarter. Quadrature Capital Ltd now owns 62,643 shares of the investment management company’s stock valued at $772,000 after acquiring an additional 34,353 shares during the last quarter. Hedge funds and other institutional investors own 13.20% of the company’s stock.

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.