WhiteHorse Finance (NASDAQ:WHF) Stock Rating Lowered by StockNews.com

WhiteHorse Finance (NASDAQ:WHF) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

WHF has been the topic of several other reports. Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday. JPMorgan Chase & Co. cut their price objective on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.75.

WhiteHorse Finance Stock Down 4.6 %

Shares of NASDAQ WHF opened at $11.07 on Friday. The firm’s fifty day moving average is $11.75 and its 200 day moving average is $12.19. WhiteHorse Finance has a 52 week low of $10.95 and a 52 week high of $13.44. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.15. The company has a market cap of $257.30 million, a price-to-earnings ratio of 24.60 and a beta of 1.28.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Thursday, August 8th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The firm had revenue of $23.48 million during the quarter, compared to analysts’ expectations of $24.72 million. WhiteHorse Finance had a net margin of 22.73% and a return on equity of 13.12%. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, equities research analysts expect that WhiteHorse Finance will post 1.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Bolduc bought 12,673 shares of WhiteHorse Finance stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $11.48 per share, for a total transaction of $145,486.04. Following the acquisition, the director now owns 224,326 shares of the company’s stock, valued at approximately $2,575,262.48. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of WhiteHorse Finance

A number of hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in shares of WhiteHorse Finance by 1,057.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after acquiring an additional 2,114 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in WhiteHorse Finance in the first quarter worth about $39,000. CANADA LIFE ASSURANCE Co increased its stake in shares of WhiteHorse Finance by 19.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 3,013 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of WhiteHorse Finance by 48.6% during the second quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock valued at $270,000 after purchasing an additional 7,195 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of WhiteHorse Finance during the second quarter valued at approximately $357,000. Institutional investors own 13.20% of the company’s stock.

About WhiteHorse Finance

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.