StockNews.com analysts began coverage of the stock of WhiteHorse Finance (NASDAQ: WHF – Get Rated) in a research note issued Wednesday. The company has placed a “hold” rating on the investment management company’s shares.
WHF has been the subject of several other reports. Raymond James lowered his price target on WhiteHorse Finance from $16.00 to $15.50 and set an “outperform” rating on the stock in a report on Thursday, August 11. JPMorgan Chase & Co. downgraded WhiteHorse Finance from a “neutral” rating to an “underweight” rating and set a $14.00 price target on the stock. in a report on Tuesday, September 6. They noted that the move was a valuation call. Finally, Hovde Group lowered its price target on WhiteHorse Finance to $13.00 in a report on Wednesday, October 5. One stock research analyst rated the stock a sell rating, three assigned a hold rating and one assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average “Hold” rating and an average price target of $14.17.
WhiteHorse Finance Price Returns
WHF shares opened at $11.22 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98, and a debt-to-equity ratio of 1.22. WhiteHorse Finance has a 52-week low of $10.57 and a 52-week high of $16.22. The stock’s 50-day moving average is $13.47 and its 200-day moving average is $13.88. The company has a market capitalization of $260.79 million, a PE ratio of 10.11, and a beta of 1.32.
Institutional investors weigh in on WhiteHorse Finance
Several institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in WhiteHorse Finance by 10.5% during the second quarter. Legal & General Group Plc now owns 137,417 shares of the investment management company worth $1,806,000 after purchasing an additional 13,018 shares during the last quarter. Ronald Blue Trust Inc. purchased a new position in WhiteHorse Finance during the second quarter for $256,000. Virtu Financial LLC purchased a new position in WhiteHorse Finance during the second quarter worth $140,000. Natixis purchased a new position in WhiteHorse Finance during the second quarter worth $217,000. Finally, Virtus ETF Advisers LLC increased its holding in WhiteHorse Finance by 8.2% during the second quarter. Virtus ETF Advisers LLC now owns 48,214 shares of the investment management company worth $634,000 after purchasing an additional 3,657 shares during the last quarter. Currently, 12.16% of the shares are owned by institutional investors.
About WhiteHorse Finance
WhiteHorse Finance, Inc is a business development company, a non-diversified closed-end management company specializing in the origination of senior secured loans, growth capital and lower middle market industries. He prefers to invest in the United States. It typically invests between $5 million and $25 million in companies that have an enterprise value between $50 million and $350 million.
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