Zacks Investment Research upgraded shares of WhiteHorse Finance Inc (NASDAQ:WHF) from a sell rating to a hold rating in a research note released on Thursday, May 4th.
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. “
WhiteHorse Finance (NASDAQ:WHF) traded down 0.63% on Thursday, hitting $14.10. The company’s stock had a trading volume of 33,766 shares. The company has a market capitalization of $258.07 million, a P/E ratio of 8.24 and a beta of 0.78. WhiteHorse Finance has a 1-year low of $9.96 and a 1-year high of $14.75. The company has a 50 day moving average price of $14.18 and a 200-day moving average price of $12.86.
WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Friday, May 5th. The investment management company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $13.58 million during the quarter, compared to analysts’ expectations of $12.10 million. WhiteHorse Finance had a net margin of 14.26% and a return on equity of 8.94%. On average, equities analysts forecast that WhiteHorse Finance will post $1.47 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of WHF. Goldman Sachs Group Inc. purchased a new position in shares of WhiteHorse Finance during the first quarter valued at approximately $205,000. Janney Montgomery Scott LLC purchased a new position in shares of WhiteHorse Finance during the first quarter valued at approximately $273,000. Vivaldi Asset Management LLC purchased a new position in shares of WhiteHorse Finance during the fourth quarter valued at approximately $439,000. Hillsdale Investment Management Inc. purchased a new position in shares of WhiteHorse Finance during the first quarter valued at approximately $476,000. Finally, UBS Group AG boosted its position 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 last quarter. Institutional investors own 10.11% of the company’s stock.
About WhiteHorse Finance
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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