WhiteHorse Finance's (WHF) "Sell (D+)" Rating Reaffirmed at Weiss Ratings

Key Points

• WhiteHorse Finance's stock has been reaffirmed with a "sell (D+)" rating by Weiss Ratings, as several analysts express bearish sentiment towards the stock.
• The company's stock price has dropped to $6.75, with a consensus target price of $9.17, indicating ongoing concerns about its financial stability.
• In its latest quarterly earnings report, WhiteHorse Finance reported revenues of $18.84 million, missing expectations, and also fell short in earnings per share by $0.03.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently commented on WHF. B. Riley reduced their target price on WhiteHorse Finance from $9.50 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, August 13th. Zacks Research cut WhiteHorse Finance from a "hold" rating to a "strong sell" rating in a report on Friday, September 12th. LADENBURG THALM/SH SH upgraded WhiteHorse Finance to a "hold" rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. lowered their price objective on WhiteHorse Finance from $8.00 to $6.50 and set an "underweight" rating for the company in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $9.17.

WhiteHorse Finance Trading Down 1.3%

Shares of NASDAQ:WHF traded down $0.09 during midday trading on Wednesday, hitting $6.75. 68,361 shares of the stock were exchanged, compared to its average volume of 96,357. The stock has a market capitalization of $156.87 million, a price-to-earnings ratio of 45.00 and a beta of 0.75. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.34 and a current ratio of 1.34. The business's 50-day moving average price is $8.24 and its 200 day moving average price is $8.84. WhiteHorse Finance has a 12 month low of $6.57 and a 12 month high of $12.18.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $18.84 million for the quarter, compared to the consensus estimate of $19.33 million. WhiteHorse Finance had a return on equity of 10.72% and a net margin of 4.36%. Analysts predict that WhiteHorse Finance will post 1.66 earnings per share for the current year.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ethos Financial Group LLC raised its position in WhiteHorse Finance by 2.8% in the 2nd quarter. Ethos Financial Group LLC now owns 205,673 shares of the investment management company's stock valued at $1,793,000 after buying an additional 5,616 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in WhiteHorse Finance by 13.4% in the 1st 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. Legal & General Group Plc raised its position in WhiteHorse Finance by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company's stock valued at $1,368,000 after buying an additional 6,560 shares during the last quarter. Bank of America Corp DE raised its position in WhiteHorse Finance by 26.5% in the 4th quarter. Bank of America Corp DE now owns 41,301 shares of the investment management company's stock valued at $400,000 after buying an additional 8,651 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in WhiteHorse Finance by 26.9% in the 1st 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. 13.20% of the stock is owned by hedge funds and other 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.

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