WhiteHorse Finance (NASDAQ:WHF) rating downgraded to C at TheStreet

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WhiteHorse Finance (NASDAQ:WHF – Get a Rating) was downgraded by TheStreet from a “b-” rating to a “c” rating in a report released Wednesday, reports TheStreetRatingsTable.

WHF has been the subject of several other reports. Zacks Investment Research downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Saturday, March 5. Raymond James cut his price target on shares of WhiteHorse Finance from $16.50 to $16.00 and set an “outperform” rating on the stock in a Friday, March 4 research note. The Hovde Group downgraded shares of WhiteHorse Finance from an “outperforming” rating to a “market performance” rating and reduced its price target for the stock from $16.50 to $15.50 in a research note from Friday, March 4. StockNews.com downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a Thursday, April 7 research note. Finally, B. Riley reiterated a “neutral” rating on WhiteHorse Finance shares in a Wednesday, March 2 research note. Two equity research analysts gave the stock a sell rating, three issued a hold rating and one issued a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.00.

NASDAQ WHF shares opened at $15.27 on Wednesday. The company’s 50-day simple moving average is $15.16 and its 200-day simple moving average is $15.32. WhiteHorse Finance has a 52 week low of $14.60 and a 52 week high of $16.48. The company has a market cap of $354.19 million, a price-earnings ratio of 10.53, and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt ratio of 1.36.

WhiteHorse Finance (NASDAQ:WHF – Get Rating) last reported results on Thursday, March 3. The investment management firm reported earnings per share (EPS) of $0.33 for the quarter, missing Thomson Reuters consensus estimate of $0.37 per ($0.04). WhiteHorse Finance had a net margin of 41.63% and a return on equity of 9.17%. The company posted revenue of $18.50 million in the quarter, compared to analyst estimates of $18.85 million. In the same quarter last year, the company achieved EPS of $0.34. Equity research analysts expect WhiteHorse Finance to post EPS of 1.49 for the current fiscal year.

Several hedge funds have recently increased or reduced their holdings in WHF. Powell Investment Advisors LLC increased its stake in WhiteHorse Finance by 6.3% in the fourth quarter. Powell Investment Advisors LLC now owns 11,060 shares of the investment management firm valued at $179,000 after buying an additional 660 shares in the last quarter. Cetera Advisors LLC increased its stake in WhiteHorse Finance by 5.3% in the third quarter. Cetera Advisors LLC now owns 16,125 shares of the investment management company valued at $245,000 after buying 805 additional shares in the last quarter. Wells Fargo & Company MN increased its stake in WhiteHorse Finance by 37.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,706 shares of the investment management firm valued at $58,000 after buying an additional 1,000 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in WhiteHorse Finance by 11.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 15,741 shares of the investment management company valued at $244,000 after buying 1,666 additional shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in WhiteHorse Finance by 7.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 26,113 shares of the investment management company valued at $397,000 after buying an additional 1,794 shares in the last quarter. Hedge funds and other institutional investors hold 10.30% of the company’s shares.

WhiteHorse Finance Company Profile (Get a rating)

WhiteHorse Finance, LLC is a non-diversified, privately held investment business development firm specializing in providing senior secured loans to private small cap companies across a wide range of industries. He invests in the United States. It typically invests between $5 million and $25 million in companies with an enterprise value between $50 million and $350 million.

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