Zacks Investment Research upgraded WhiteHorse Finance Inc (NASDAQ:WHF) to Hold in a report released today.
- Updated: September 23, 2016
Just yesterday WhiteHorse Finance Inc (NASDAQ:WHF) traded -0.98% lower at $11.15. The company’s 50-day moving average is $11.53 and its 200-day moving average is $10.82. The last stock price is up 3.01% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 36,893 shares of WHF changing hands over the typical 34,303
Zacks Investment Research has upgraded WhiteHorse Finance Inc (NASDAQ:WHF) to Hold in a report released on 9/24/2016.
With a total market value of $0, WhiteHorse Finance Inc has 52 week low of $9.14 and a 52 week high of $13.68 .
Also covering WhiteHorse Finance Inc's price target, a total of 5 equity analysts have released a ratings update on WHF. The one year target is $12.30 with 2 firms rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 analysts rating the company a hold, 0 firms rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Information 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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