WhiteHorse Finance (NASDAQ:WHF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Saturday.

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. “

Several other research firms also recently commented on WHF. Robert W. Baird downgraded shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Monday, October 23rd. Ladenburg Thalmann Financial Services assumed coverage on shares of WhiteHorse Finance in a report on Tuesday, December 19th. They issued a “neutral” rating for the company. Oppenheimer assumed coverage on shares of WhiteHorse Finance in a report on Thursday, November 30th. They issued a “buy” rating and a $15.00 price objective for the company. ValuEngine downgraded shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, BidaskClub downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. WhiteHorse Finance presently has an average rating of “Hold” and an average target price of $15.00.

WhiteHorse Finance (NASDAQ WHF) traded down $0.01 during trading on Friday, hitting $12.14. 88,086 shares of the stock were exchanged, compared to its average volume of 56,518. WhiteHorse Finance has a 1 year low of $12.02 and a 1 year high of $15.05. The company has a market cap of $249.05, a P/E ratio of 6.53 and a beta of 0.66. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.04). The business had revenue of $13.02 million during the quarter, compared to the consensus estimate of $12.94 million. WhiteHorse Finance had a return on equity of 9.69% and a net margin of 64.58%. research analysts expect that WhiteHorse Finance will post 1.32 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in WhiteHorse Finance by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after purchasing an additional 5,664 shares during the period. BlackRock Inc. boosted its holdings in WhiteHorse Finance by 18.3% in the 4th quarter. BlackRock Inc. now owns 57,216 shares of the investment management company’s stock valued at $768,000 after purchasing an additional 8,848 shares during the period. Telemus Capital LLC bought a new position in WhiteHorse Finance in the 3rd quarter valued at $148,000. Eqis Capital Management Inc. bought a new position in WhiteHorse Finance in the 4th quarter valued at $138,000. Finally, Susquehanna International Group LLP bought a new position in WhiteHorse Finance in the 3rd quarter valued at $174,000. 9.27% of the stock is owned by hedge funds and other institutional investors.

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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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