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

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

WHF has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price target on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a research report on Monday, July 29th. Raymond James reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a report on Friday. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.75.

WhiteHorse Finance Stock Performance

NASDAQ WHF traded down $0.53 during trading hours on Friday, reaching $11.07. The company’s stock had a trading volume of 204,738 shares, compared to its average volume of 82,028. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.15. The business has a 50-day simple moving average of $11.75 and a 200 day simple moving average of $12.19. WhiteHorse Finance has a 52 week low of $10.95 and a 52 week high of $13.44. The stock has a market cap of $257.27 million, a PE ratio of 11.18 and a beta of 1.28.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Thursday, August 8th. The investment management company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The company had revenue of $23.48 million for the quarter, compared to the consensus estimate of $24.72 million. WhiteHorse Finance had a return on equity of 13.12% and a net margin of 22.73%. During the same quarter in the previous year, the company earned $0.46 earnings per share. Equities research analysts predict that WhiteHorse Finance will post 1.7 earnings per share for the current fiscal year.

Insider Transactions at WhiteHorse Finance

In other WhiteHorse Finance news, Director John Bolduc purchased 12,673 shares of the business’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $11.48 per share, with a total value of $145,486.04. Following the acquisition, the director now owns 224,326 shares of the company’s stock, valued at $2,575,262.48. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On WhiteHorse Finance

Large investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in shares of WhiteHorse Finance during the second quarter worth $647,000. Sound Income Strategies LLC lifted its stake in WhiteHorse Finance by 5.3% during the second quarter. Sound Income Strategies LLC now owns 855,223 shares of the investment management company’s stock valued at $10,494,000 after buying an additional 42,828 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of WhiteHorse Finance in the second quarter worth approximately $357,000. Advisors Asset Management Inc. raised its holdings in shares of 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 valued at $2,232,000 after acquiring an additional 21,616 shares during the period. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of WhiteHorse Finance by 16.0% during the second quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company’s stock valued at $813,000 after acquiring an additional 8,866 shares during the period. 13.20% of the stock is owned by institutional investors.

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.