WhiteHorse Finance (NASDAQ:WHF) was downgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Tuesday, Marketbeat reports.
A number of other research analysts also recently issued reports on the stock. BidaskClub upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a research report on Monday. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Ladenburg Thalmann Financial Services started coverage on shares of WhiteHorse Finance in a research report on Tuesday, December 19th. They issued a “neutral” rating on the stock. Oppenheimer started coverage on shares of WhiteHorse Finance in a research report on Thursday, November 30th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, ValuEngine downgraded shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. WhiteHorse Finance presently has an average rating of “Hold” and a consensus target price of $15.00.
WhiteHorse Finance (NASDAQ:WHF) opened at $12.35 on Tuesday. WhiteHorse Finance has a 52 week low of $12.14 and a 52 week high of $15.05. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.64. The company has a market cap of $253.65, a price-to-earnings ratio of 6.64 and a beta of 0.66.
Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc acquired a new stake in shares of WhiteHorse Finance in the 3rd quarter worth about $743,000. Goldman Sachs Group Inc. increased its holdings in shares of WhiteHorse Finance by 211.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after acquiring an additional 31,367 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of WhiteHorse Finance in the 3rd quarter worth about $539,000. JPMorgan Chase & Co. increased its holdings in shares of WhiteHorse Finance by 39.7% in the 3rd 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. Finally, OxFORD Asset Management LLP acquired a new stake in shares of WhiteHorse Finance in the 2nd quarter worth about $200,000. Institutional investors own 9.27% of the company’s stock.
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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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