JPMorgan Chase & Co. Issues Pessimistic Forecast for WhiteHorse Finance (NASDAQ:WHF) Stock Price

WhiteHorse Finance (NASDAQ:WHF) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $10.00 to $9.50 in a report released on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 8.30% from the stock’s current price.

A number of other analysts have also issued reports on the stock. StockNews.com lowered shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Oppenheimer downgraded WhiteHorse Finance from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $14.00 to $12.00 in a report on Monday, November 11th. Finally, Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th.

WhiteHorse Finance Stock Down 1.7 %

NASDAQ WHF opened at $10.36 on Monday. WhiteHorse Finance has a 12 month low of $9.45 and a 12 month high of $13.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The stock has a market cap of $240.77 million, a PE ratio of 23.02 and a beta of 1.25. The stock’s 50 day moving average is $10.18 and its 200 day moving average is $11.11.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The business had revenue of $22.85 million during the quarter, compared to the consensus estimate of $23.07 million. During the same quarter in the prior year, the firm posted $0.46 EPS. Research analysts predict that WhiteHorse Finance will post 1.66 EPS for the current fiscal year.

Institutional Trading of WhiteHorse Finance

Several institutional investors have recently modified their holdings of WHF. International Assets Investment Management LLC raised its holdings in shares of WhiteHorse Finance by 1,057.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after acquiring an additional 2,114 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of WhiteHorse Finance in the 2nd quarter valued at approximately $357,000. Blue Trust Inc. increased its holdings in shares of WhiteHorse Finance by 23.7% during the 4th quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company’s stock worth $455,000 after buying an additional 9,000 shares during the last quarter. Tidal Investments LLC lifted its holdings in WhiteHorse Finance by 7.4% in the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after acquiring an additional 3,330 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in WhiteHorse Finance in the second quarter worth approximately $647,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

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.