WhiteHorse Finance (NASDAQ:WHF) Price Target Lowered to $9.00 at JPMorgan Chase & Co.

WhiteHorse Finance (NASDAQ:WHF) had its price target reduced by research analysts at JPMorgan Chase & Co. from $9.50 to $9.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 9.77% from the company’s current price.

Separately, Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $14.00 to $12.00 in a report on Monday, November 11th.

WhiteHorse Finance Stock Down 0.6 %

NASDAQ WHF traded down $0.07 on Monday, hitting $9.98. 72,481 shares of the company were exchanged, compared to its average volume of 93,544. WhiteHorse Finance has a 12 month low of $9.45 and a 12 month high of $13.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The company has a market cap of $231.85 million, a PE ratio of 22.17 and a beta of 1.25. The stock has a fifty day moving average of $10.35 and a 200-day moving average of $10.93.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $22.43 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, analysts forecast that WhiteHorse Finance will post 1.66 earnings per share for the current year.

Hedge Funds Weigh In On WhiteHorse Finance

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. increased its holdings in WhiteHorse Finance by 12.6% during the third quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock worth $2,232,000 after buying an additional 21,616 shares during the last quarter. Tidal Investments LLC increased its stake in shares of WhiteHorse Finance by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock worth $559,000 after purchasing an additional 3,330 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of WhiteHorse Finance by 7.8% in the 4th quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company’s stock worth $9,344,000 after purchasing an additional 70,234 shares during the period. Blue Trust Inc. lifted its stake in WhiteHorse Finance by 23.7% in the fourth quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company’s stock valued at $455,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in WhiteHorse Finance in the fourth quarter valued at approximately $407,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

About WhiteHorse Finance

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.