Zacks Investment Research upgraded WhiteHorse Finance Inc (NASDAQ:WHF) to Hold in a report released today.
- Updated: October 12, 2016
Yesterday WhiteHorse Finance Inc (NASDAQ:WHF) traded 1.43% higher at $10.60. WHF’s 50-day average is $11.28 and its 200-day moving average is $10.88. The last closing price is down -2.14% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 15,787 shares of WHF changing hands under the typical 31,366
Zacks Investment Research has upgraded WhiteHorse Finance Inc (NASDAQ:WHF) to Hold in a report released on 10/12/2016.
With a total market value of $0, WhiteHorse Finance Inc has with a one year low of $9.14 and a one year high of $13.68 .
A total of 5 brokerages have issued a research note on the company. 2 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $12.30.
About 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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