WhiteHorse Finance, Inc. (WHF) Lowered to “Sell” at Zacks Investment Research

WhiteHorse Finance, Inc. (NASDAQ:WHF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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. “

Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a report on Tuesday. BidaskClub upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. 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.

WhiteHorse Finance (WHF) opened at $13.44 on Friday. The stock has a market cap of $276.15, a price-to-earnings ratio of 9.68 and a beta of 0.75. WhiteHorse Finance has a fifty-two week low of $11.01 and a fifty-two week high of $15.05. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 0.67.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The business had revenue of $14.29 million during the quarter, compared to analysts’ expectations of $12.57 million. WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.91%. sell-side analysts expect that WhiteHorse Finance will post 1.36 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in WHF. Goldman Sachs Group Inc. acquired a new stake in WhiteHorse Finance during the first quarter valued at $205,000. Janney Montgomery Scott LLC grew its position in WhiteHorse Finance by 1.3% during the second quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock valued at $268,000 after buying an additional 255 shares during the period. BB&T Securities LLC acquired a new stake in WhiteHorse Finance during the second quarter valued at $152,000. JPMorgan Chase & Co. acquired a new stake in shares of WhiteHorse Finance in the second quarter valued at about $191,000. Finally, AJO LP acquired a new stake in shares of WhiteHorse Finance in the second quarter valued at about $216,000. Institutional investors own 9.84% 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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