Oppenheimer Begins Coverage on WhiteHorse Finance (WHF)

Oppenheimer began coverage on shares of WhiteHorse Finance (NASDAQ:WHF) in a report issued on Thursday morning. The brokerage issued a buy rating and a $15.00 target price on the investment management company’s stock.

Several other equities research analysts have also recently commented on WHF. Zacks Investment Research cut WhiteHorse Finance from a hold rating to a sell rating in a research note on Saturday, November 11th. BidaskClub cut WhiteHorse Finance from a hold rating to a sell rating in a research note on Friday, November 10th. ValuEngine raised WhiteHorse Finance from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Finally, Robert W. Baird cut WhiteHorse Finance from an outperform rating to a neutral rating and set a $15.00 target price for the company. in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $15.00.

Shares of WhiteHorse Finance (NASDAQ:WHF) opened at $14.03 on Thursday. WhiteHorse Finance has a twelve month low of $11.49 and a twelve month high of $15.05. The firm has a market capitalization of $288.06, a price-to-earnings ratio of 10.09 and a beta of 0.74. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.64.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in shares of WhiteHorse Finance in the 3rd quarter valued at $174,000. JPMorgan Chase & Co. increased its stake in shares of WhiteHorse Finance by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after buying an additional 5,664 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of WhiteHorse Finance in the 3rd quarter valued at $539,000. Telemus Capital LLC acquired a new stake in shares of WhiteHorse Finance during the third quarter worth $148,000. Finally, IFP Advisors Inc acquired a new stake in shares of WhiteHorse Finance during the third quarter worth $743,000. 9.22% of the stock is owned by institutional investors.

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WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.

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