WhiteHorse Finance (NASDAQ:WHF) Lifted to Buy at StockNews.com

WhiteHorse Finance (NASDAQ:WHF) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Several other research analysts also recently weighed in on WHF. B. Riley downgraded WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 target price for the company. in a research note on Monday, January 8th. JPMorgan Chase & Co. reduced their target price on WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.81.

WhiteHorse Finance Trading Down 1.8 %

Shares of NASDAQ:WHF opened at $12.79 on Friday. WhiteHorse Finance has a 12-month low of $11.13 and a 12-month high of $13.69. The company has a market capitalization of $297.24 million, a PE ratio of 14.53 and a beta of 1.25. The business has a 50 day moving average of $12.55 and a two-hundred day moving average of $12.48. 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 announced its quarterly earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The company had revenue of $25.63 million during the quarter, compared to the consensus estimate of $25.33 million. As a group, analysts forecast that WhiteHorse Finance will post 1.81 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in WhiteHorse Finance by 8.0% in 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 purchasing an additional 20,882 shares during the last quarter. Toroso Investments LLC raised its stake in WhiteHorse Finance by 6.4% in the 3rd quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock valued at $774,000 after purchasing an additional 3,668 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in WhiteHorse Finance by 5.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock valued at $317,000 after purchasing an additional 1,270 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in WhiteHorse Finance by 16.1% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 75,255 shares of the investment management company’s stock valued at $988,000 after purchasing an additional 10,422 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in WhiteHorse Finance by 6.3% in the 4th quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock valued at $9,273,000 after purchasing an additional 44,420 shares during the last quarter. 13.20% of the stock is owned by institutional investors and hedge funds.

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.