WhiteHorse Finance, Inc. (WHF) Cut to “Sell” at BidaskClub

BidaskClub cut shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) from a hold rating to a sell rating in a research report released on Friday morning.

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of WhiteHorse Finance from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. Robert W. Baird lowered shares of WhiteHorse Finance from an outperform rating to a neutral rating and set a $15.00 price objective on the stock. in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised shares of WhiteHorse Finance from a sell rating to a hold rating in a research note on Saturday, August 12th.

WhiteHorse Finance (NASDAQ WHF) opened at $13.45 on Friday. WhiteHorse Finance has a 12 month low of $11.01 and a 12 month high of $15.05. The firm has a market cap of $275.95, a price-to-earnings ratio of 9.67 and a beta of 0.75. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its position in shares of WhiteHorse Finance by 1.3% during the second quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 255 shares in the last quarter. JPMorgan Chase & Co. raised its position in WhiteHorse Finance by 39.7% in the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock worth $295,000 after acquiring an additional 5,664 shares during the period. Telemus Capital LLC bought a new stake in WhiteHorse Finance in the third quarter worth about $148,000. BB&T Securities LLC bought a new stake in WhiteHorse Finance in the second quarter worth about $152,000. Finally, Goldman Sachs Group Inc. bought a new stake in WhiteHorse Finance in the first quarter worth about $205,000. 9.35% of the stock is currently owned by institutional investors.

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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