WhiteHorse Finance (NASDAQ:WHF) Cut to "Hold" at StockNews.com

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of WhiteHorse Finance from $12.50 to $11.50 and set an "underweight" rating on the stock in a research report on Monday, July 29th. Raymond James reissued a "market perform" rating on shares of WhiteHorse Finance in a research note on Friday. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.75.

WhiteHorse Finance Price Performance

WHF traded down $0.53 during midday trading on Friday, reaching $11.07. 204,738 shares of the company's stock were exchanged, compared to its average volume of 82,028. WhiteHorse Finance has a 1-year low of $10.95 and a 1-year high of $13.44. The stock has a market capitalization of $257.27 million, a PE ratio of 11.18 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.47 and a quick ratio of 1.47. The business's 50-day moving average price is $11.75 and its 200 day moving average price is $12.19.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted 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). WhiteHorse Finance had a return on equity of 13.12% and a net margin of 22.73%. The company had revenue of $23.48 million for the quarter, compared to analysts' expectations of $24.72 million. During the same quarter in the prior year, the business posted $0.46 EPS. As a group, equities analysts anticipate that WhiteHorse Finance will post 1.7 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of WhiteHorse Finance

A number of institutional investors have recently added to or reduced their stakes in WHF. Sanders Morris Harris LLC grew its holdings in WhiteHorse Finance by 3.1% during the 2nd quarter. Sanders Morris Harris LLC now owns 32,244 shares of the investment management company's stock valued at $396,000 after purchasing an additional 956 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of WhiteHorse Finance by 1,057.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company's stock valued at $27,000 after buying an additional 2,114 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in WhiteHorse Finance by 19.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company's stock valued at $227,000 after acquiring an additional 3,013 shares in the last quarter. EntryPoint Capital LLC acquired a new position in WhiteHorse Finance during the 1st quarter worth $39,000. Finally, Blue Trust Inc. raised its stake in shares of WhiteHorse Finance by 15.2% in the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company's stock valued at $466,000 after purchasing an additional 5,000 shares in 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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