WhiteHorse Finance (NASDAQ:WHF) Price Target Cut to $9.50 by Analysts at JPMorgan Chase & Co.

WhiteHorse Finance (NASDAQ:WHF) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $10.00 to $9.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the investment management company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 10.00% from the stock’s previous close.

A number of other research firms have also recently weighed in on WHF. Oppenheimer cut WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $14.00 to $12.00 in a report on Monday, November 11th. StockNews.com cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a research report on Friday, November 8th.

WhiteHorse Finance Price Performance

NASDAQ WHF traded down $0.01 during trading hours on Monday, reaching $10.56. The company’s stock had a trading volume of 34,350 shares, compared to its average volume of 74,509. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $245.30 million, a PE ratio of 23.49 and a beta of 1.25. The company’s 50-day moving average is $10.18 and its two-hundred day moving average is $11.12. WhiteHorse Finance has a fifty-two week low of $9.45 and a fifty-two week high of $13.44.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $23.07 million. During the same period last year, the business earned $0.46 earnings per share. Analysts forecast that WhiteHorse Finance will post 1.66 EPS for the current year.

Institutional Investors Weigh In On WhiteHorse Finance

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in WhiteHorse Finance by 1,057.0% in 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 position in shares of WhiteHorse Finance in the second quarter valued at $357,000. Blue Trust Inc. grew its holdings in WhiteHorse Finance by 23.7% during the 4th quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company’s stock valued at $455,000 after purchasing an additional 9,000 shares in the last quarter. Tidal Investments LLC increased its stake in WhiteHorse Finance by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock worth $559,000 after buying an additional 3,330 shares during the period. Finally, Marshall Wace LLP acquired a new position in WhiteHorse Finance in the 2nd quarter worth $647,000. Hedge funds and other institutional investors 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.