WhiteHorse Finance (NASDAQ:WHF) Upgraded at Zacks Research

Key Points

• WhiteHorse Finance (NASDAQ:WHF) was upgraded by Zacks Research from a "strong sell" to a "hold" rating, indicating a shift in market perception of the company.
• Analysts have mixed views, with JPMorgan lowering their price target from $8.00 to $6.50, while B. Riley adjusted theirs from $9.50 to $9.00, reflecting a lack of consensus on the stock's future performance.
• In recent earnings, WhiteHorse Finance reported a quarterly EPS of $0.28, missing estimates of $0.31, alongside a revenue of $18.84 million, below the expected $19.33 million.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on WHF. JPMorgan Chase & Co. lowered their price target on WhiteHorse Finance from $8.00 to $6.50 and set an "underweight" rating for the company in a report on Wednesday, October 1st. LADENBURG THALM/SH SH upgraded WhiteHorse Finance to a "hold" rating in a report on Friday, August 8th. Weiss Ratings reiterated a "sell (d+)" rating on shares of WhiteHorse Finance in a report on Wednesday, October 8th. Finally, B. Riley lowered their price target on WhiteHorse Finance from $9.50 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 13th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $9.17.

WhiteHorse Finance Stock Up 0.9%

WHF stock opened at $6.82 on Monday. WhiteHorse Finance has a twelve month low of $6.53 and a twelve month high of $12.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $158.52 million, a P/E ratio of 45.47 and a beta of 0.75. The firm has a 50 day simple moving average of $8.04 and a 200-day simple moving average of $8.75.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The investment management company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The firm had revenue of $18.84 million during 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%. On average, equities research analysts predict that WhiteHorse Finance will post 1.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WhiteHorse Finance

Hedge funds have recently made changes to their positions in the business. Northstar Advisory Group LLC bought a new stake in shares of WhiteHorse Finance during the second quarter valued at approximately $87,000. Oxford Asset Management LLP bought a new stake in shares of WhiteHorse Finance during the second quarter valued at approximately $105,000. Marshall Wace LLP bought a new stake in shares of WhiteHorse Finance during the second quarter valued at approximately $368,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of WhiteHorse Finance by 26.9% during 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 buying an additional 9,709 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of WhiteHorse Finance by 13.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,487 shares of the investment management company's stock valued at $468,000 after buying an additional 5,715 shares during the last quarter. 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.

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