Zacks Investment Research lowered shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) from a hold rating to a sell rating in a report published on Thursday, July 13th.
According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “
Other equities analysts have also recently issued reports about the company. Robert W. Baird upgraded WhiteHorse Finance from a neutral rating to an outperform rating and set a $15.00 price target for the company in a report on Thursday, June 29th. ValuEngine upgraded WhiteHorse Finance from a buy rating to a strong-buy rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $14.13.
Shares of WhiteHorse Finance (NASDAQ WHF) opened at 13.90 on Thursday. The firm has a 50-day moving average of $13.50 and a 200 day moving average of $13.59. WhiteHorse Finance has a 12 month low of $10.30 and a 12 month high of $14.75.
Several institutional investors have recently made changes to their positions in WHF. BB&T Securities LLC acquired a new stake in shares of WhiteHorse Finance during the second quarter valued at $152,000. Goldman Sachs Group Inc. acquired a new stake in shares of WhiteHorse Finance during the first quarter valued at $205,000. Janney Montgomery Scott LLC acquired a new stake in shares of WhiteHorse Finance during the first quarter valued at $273,000. Hillsdale Investment Management Inc. acquired a new stake in shares of WhiteHorse Finance during the first quarter valued at $476,000. Finally, UBS Group AG raised its stake in shares of WhiteHorse Finance by 2.3% in the first quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock valued at $4,024,000 after buying an additional 6,584 shares during the period. Institutional investors and hedge funds own 11.55% of the company’s stock.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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