WhiteHorse Finance (NASDAQ:WHF – Get Free Report) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $12.00 to $11.50 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 6.66% from the stock’s current price.
Several other equities research analysts have also recently issued reports on the stock. Raymond James decreased their price objective on shares of WhiteHorse Finance from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Friday, November 10th. TheStreet raised shares of WhiteHorse Finance from a “c” rating to a “b-” rating in a research report on Tuesday, November 21st. StockNews.com raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Thursday, February 1st. Finally, B. Riley cut shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price objective for the company. in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, WhiteHorse Finance currently has a consensus rating of “Hold” and a consensus target price of $13.05.
WhiteHorse Finance Stock Down 1.0 %
WHF stock traded down $0.13 during midday trading on Friday, hitting $12.32. The company’s stock had a trading volume of 12,614 shares, compared to its average volume of 41,840. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.24. WhiteHorse Finance has a 52-week low of $11.13 and a 52-week high of $13.69. The firm has a market capitalization of $286.32 million, a P/E ratio of 18.12 and a beta of 1.29. The firm has a 50-day simple moving average of $12.57 and a 200-day simple moving average of $12.54.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC grew its position in WhiteHorse Finance by 6.3% during the fourth quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock worth $9,273,000 after buying an additional 44,420 shares during the period. Advisors Asset Management Inc. grew its position in WhiteHorse Finance by 3.7% during the first quarter. Advisors Asset Management Inc. now owns 295,284 shares of the investment management company’s stock worth $3,697,000 after buying an additional 10,511 shares during the period. Legal & General Group Plc grew its position in WhiteHorse Finance by 3.0% during the fourth quarter. Legal & General Group Plc now owns 173,754 shares of the investment management company’s stock worth $2,141,000 after buying an additional 5,056 shares during the period. Millennium Management LLC grew its position in WhiteHorse Finance by 1,085.5% during the fourth quarter. Millennium Management LLC now owns 165,410 shares of the investment management company’s stock worth $2,159,000 after buying an additional 151,457 shares during the period. Finally, Raymond James & Associates grew its position in WhiteHorse Finance by 14.0% during the first quarter. Raymond James & Associates now owns 103,865 shares of the investment management company’s stock worth $1,566,000 after buying an additional 12,738 shares during the period. 12.30% of the stock is currently owned by institutional investors and hedge funds.
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.
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