WhiteHorse Finance (NASDAQ:WHF) Price Target Cut to $9.00 by Analysts at B. Riley

Key Points

• B. Riley has reduced the price target for WhiteHorse Finance from $9.50 to $9.00, maintaining a "neutral" rating which suggests a potential upside of 5.76% from the current stock price.
• WhiteHorse Finance has reported $0.28 earnings per share for the last quarter, falling short of the analysts' estimate of $0.31, and had revenue of $18.84 million, underperforming the expected $19.33 million.
• As of now, 13.20% of WhiteHorse Finance's stock is owned by institutional investors, with various firms modifying their holdings in recent quarters.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) had its target price decreased by equities research analysts at B. Riley from $9.50 to $9.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the investment management company's stock. B. Riley's price target suggests a potential upside of 5.76% from the stock's current price.

Separately, LADENBURG THALM/SH SH upgraded shares of WhiteHorse Finance to a "hold" rating in a report on Friday, August 8th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, WhiteHorse Finance currently has a consensus rating of "Hold" and a consensus price target of $10.00.

WhiteHorse Finance Stock Up 0.2%

WHF stock opened at $8.51 on Wednesday. The firm has a 50-day moving average price of $8.90 and a 200-day moving average price of $9.50. WhiteHorse Finance has a 12 month low of $8.44 and a 12 month high of $12.42. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $197.77 million, a P/E ratio of 56.74 and a beta of 0.82.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The company had revenue of $18.84 million for the quarter, compared to analyst estimates of $19.33 million. WhiteHorse Finance had a return on equity of 10.72% and a net margin of 4.36%. As a group, equities research analysts anticipate that WhiteHorse Finance will post 1.66 EPS for the current fiscal year.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its holdings in WhiteHorse Finance by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company's stock worth $1,368,000 after buying an additional 6,560 shares during the period. Ethos Financial Group LLC raised its position in shares of WhiteHorse Finance by 2.8% during the second quarter. Ethos Financial Group LLC now owns 205,673 shares of the investment management company's stock worth $1,793,000 after acquiring an additional 5,616 shares during the last quarter. Northstar Advisory Group LLC acquired a new position in shares of WhiteHorse Finance in the second quarter worth approximately $87,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of WhiteHorse Finance by 13.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,487 shares of the investment management company's stock worth $468,000 after acquiring an additional 5,715 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in WhiteHorse Finance by 26.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,799 shares of the investment management company's stock valued at $442,000 after acquiring an additional 9,709 shares during the last quarter. 13.20% of the stock is owned by institutional investors.

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.

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