WhiteHorse Finance Inc (NASDAQ:WHF) has been downgraded to Sell in a report by Zacks Investment Research earlier today.
- Updated: September 30, 2016
Zacks Investment Research has downgraded WhiteHorse Finance Inc (NASDAQ:WHF) to Sell in a statement released on Friday September 30, 2016.
Having a price of $10.99, WhiteHorse Finance Inc (NASDAQ:WHF) traded 0.37% higher on the day. With the last close up 0.70% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. WHF has recorded a 50-day average of $11.43 and a two hundred day average of $10.85. Trade Volume was down over the average, with 32,348 shares of WHF changing hands under the typical 32,961
Recent Performance Chart
WhiteHorse Finance Inc has with a one year low of $9.14 and a one year high of $13.68 and has a market capitalization of $0.
A total of 5 analysts have released a report on WhiteHorse Finance Inc. Two analysts rating the company a strong buy, two analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $12.30.
General Company Details For WhiteHorse Finance Inc (NASDAQ:WHF)
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. The Company may also make investments at other levels of a company's capital structure, including mezzanine loans or equity interests. The Company's investment portfolio consists primarily of senior secured loans across approximately 40 positions in over 30 companies. The Company's investment activities are managed by its investment advisor, H.I.G. WhiteHorse Advisers, LLC.
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