Today, WhiteHorse Finance Inc. (WHF) Receives $12.40 Average Target Price from Analysts

Today, WhiteHorse Finance Inc. (WHF) Receives $12.40 Average Target Price from Analysts
WhiteHorse Finance Inc. (NASDAQ:WHF) has earned an average recommendation of “Buy” from the six analysts that are presently covering the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.40.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Saturday, September 3rd. Robert W. Baird downgraded WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Tuesday, August 9th. Deutsche Bank AG set a $13.50 target price on WhiteHorse Finance and gave the stock a “buy” rating in a research report on Thursday, August 11th. Citigroup Inc. raised their target price on WhiteHorse Finance from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Finally, TheStreet upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday, August 5th.

Shares of WhiteHorse Finance (NASDAQ:WHF) opened at 11.77 on Wednesday. The firm has a market cap of $215.43 million, a price-to-earnings ratio of 653.89 and a beta of 0.72. WhiteHorse Finance has a one year low of $9.14 and a one year high of $12.99. The stock has a 50 day moving average price of $10.97 and a 200 day moving average price of $11.08.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data on Thursday, November 3rd. The investment management company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. WhiteHorse Finance had a return on equity of 8.94% and a net margin of 14.26%. On average, equities research analysts forecast that WhiteHorse Finance will post $1.45 EPS for the current year.

In other WhiteHorse Finance news, Director John Bolduc purchased 3,180 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was purchased at an average cost of $10.85 per share, with a total value of $34,503.00. Following the acquisition, the director now directly owns 157,146 shares of the company’s stock, valued at approximately $1,705,034.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WHF. Ares Management LLC boosted its stake in WhiteHorse Finance by 140.8% in the third quarter. Ares Management LLC now owns 368,868 shares of the investment management company’s stock valued at $4,032,000 after buying an additional 215,658 shares during the period. Orinda Asset Management LLC purchased a new stake in WhiteHorse Finance during the second quarter valued at approximately $655,000. Nantahala Capital Management LLC boosted its stake in WhiteHorse Finance by 18.8% in the first quarter. Nantahala Capital Management LLC now owns 235,669 shares of the investment management company’s stock valued at $2,446,000 after buying an additional 37,347 shares during the period. Nuveen Fund Advisors LLC purchased a new stake in WhiteHorse Finance during the second quarter valued at approximately $393,000. Finally, Morgan Stanley boosted its stake in WhiteHorse Finance by 7.5% in the third quarter. Morgan Stanley now owns 133,915 shares of the investment management company’s stock valued at $1,464,000 after buying an additional 9,287 shares during the period. 9.71% of the stock is owned by institutional investors.

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