TheStreet downgraded WhiteHorse Finance (NASDAQ:WHF) to “C.”
According to TheStreetRatingsTable, the research analysts at TheStreet lowered their rating for WhiteHorse Finance (NASDAQ: WHF) in a report published on Thursday. As a result, the company went from having a “B-” rating to a “C” rating.
There have been several other WHF reports produced. WhiteHorse Finance was the first company that StockNews.com covered after it issued a research note on Wednesday, October 12. They decided to maintain their “hold” rating for the company. WhiteHorse Finance was moved from “neutral” to “underweight” by JPMorgan Chase & Co., which also set a price target of $14.00 for the stock. A research report distributed on September 6 indicated that the choice was made based on valuation. Raymond James lowered their target price on WhiteHorse Finance shares from $15.50 to $15.00 and gave the company an “outperform” rating in a report released on Tuesday, November 22. In a report published on Wednesday, October 5, Hovde Group lowered their price target on WhiteHorse Finance stock to $13.00. Finally, on October 14, B. Riley released a research note announcing they would initiate coverage on WhiteHorse Finance shares. They recommended purchasing shares of the business and set the price target at $12.00. The recommendations of the investment analysts are as follows: one suggests selling the stock, two suggest retaining it, and two suggest purchasing it. According to Bloomberg.com, the website’s community of users has assigned the firm a rating of “Hold” and has set the price objective at $13.60.
WHF stock began trading on Thursday at $13.34 per share. The company’s simple moving average over the last fifty days is $12.41, and the simple moving average over the past two hundred days is $13.33. WhiteHorse Finance has seen a share price as low as $10.57 over the past 52 weeks, while it has reached a 52-week high of $16.20. The market cap for the firm is currently sitting at $310.02 million, its P/E ratio is at 15.16, and its beta stands at 1.29. The current ratio, the quick ratio, and the debt-to-equity ratio all come in at 1.71, while the debt-to-equity ratio sits at 1.26.
On Friday, November 18, director John Bolduc purchased 7,690 shares of the company’s stock. This is another piece of news that we have. The total cost of the stock came to $99,970.00 when it was purchased at an average price of $13.00 a share. Following the completion of the acquisition, the director now directly owns 162,877 shares of the company’s stock, which have a combined value of about $2,117,401. You can learn more about the transaction by following the link in the previous sentence, which takes you to a document submitted to the Securities and Exchange Commission. The corporate insiders possess 1.80% of the total shares outstanding in the company.
WHF stock has been purchased and sold by several institutional investors in the most recent period. Capital Analysts LLC invested in WhiteHorse Finance in $37,000 during the second quarter. Great West Life Assurance Company bought an additional 17.9 percent of WhiteHorse Finance’s shares during the year’s first three months. Great West Life Assurance Firm’s holdings in the investment management company’s stock increased by 937 new shares during the most recent quarter, bringing the total number of shares that it possesses to 6,167, with a value of $99,000. Ahrens Investment Partners LLC grew its holdings in WhiteHorse Finance by 107.8% during the third quarter of the fiscal year. Ahrens Investment Partners LLC is now the owner of 10,025 shares of the investment management company’s stock, which has a total market value of $111,000; this was achieved through the acquisition of an additional 5,200 shares during the most recent quarter. In the second quarter, Virtu Financial LLC bought a new interest in WhiteHorse Finance for around $140,000. This was done as part of the company’s growth strategy.
Last but not least, during the first quarter, the Royal Bank of Canada boosted the percentage of WhiteHorse Finance in which it is invested by 10.1%. Following the acquisition of 998 additional shares during the most recent quarter, Royal Bank of Canada now owns 10,885 shares of the stock held by the investment management business. The total value of these holdings is equal to $164,000. Hedge funds and other institutional investors own 12.16% of the company’s shares.
WhiteHorse Finance, Inc. is a closed-end management firm specializing in origination of senior secured loans in the lower middle market and growth capital industries. WhiteHorse Finance is a leader in its field. It is more interested in making investments in the United States. In most cases, it will invest between $5 million and $25 million in businesses with a market valuation of between $50 million and $350 million.