Zacks Investment Research lowered shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
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. “
WHF has been the subject of a number of other research reports. BidaskClub cut shares of WhiteHorse Finance from a hold rating to a sell rating in a report on Friday. ValuEngine lowered shares of WhiteHorse Finance from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. Finally, 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.
Shares of WhiteHorse Finance (NASDAQ:WHF) opened at $13.45 on Friday. WhiteHorse Finance has a 52-week low of $11.01 and a 52-week high of $15.05. The firm has a market cap of $275.95, a P/E ratio of 9.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Ativo Capital Management LLC acquired a new position in shares of WhiteHorse Finance in the second quarter valued at approximately $1,097,000. Goldman Sachs Group Inc. acquired a new position in shares of WhiteHorse Finance in the first quarter valued at approximately $205,000. Ares Management LLC grew its holdings in WhiteHorse Finance by 5.5% during the 2nd quarter. Ares Management LLC now owns 411,234 shares of the investment management company’s stock worth $5,498,000 after acquiring an additional 21,345 shares in the last quarter. IFP Advisors Inc acquired a new position in WhiteHorse Finance during the 3rd quarter worth approximately $743,000. Finally, OxFORD Asset Management LLP acquired a new position in WhiteHorse Finance during the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 9.35% 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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