JPMorgan Chase & Co. Downgrades WhiteHorse Finance (WHF) to Underweight

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.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.04). WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%. The company had revenue of $13.02 million for the quarter, compared to the consensus estimate of $12.94 million. equities research analysts predict that WhiteHorse Finance will post 1.33 earnings per share for the current fiscal year.

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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