Notable Mover: Whitehorse Finance Inc (NASDAQ:WHF) Institutional Investors Sentiment Index Falls in 2016 Q2

November 17, 2016 - By Ruchi Gupta   ·   0 Comments

Notable Mover: Whitehorse Finance Inc (NASDAQ:WHF) Institutional Investors Sentiment Index  Falls in  2016 Q2

Sentiment for Whitehorse Finance Inc (NASDAQ:WHF)

Whitehorse Finance Inc (NASDAQ:WHF) institutional sentiment increased to 0.64 in 2016 Q2. Its up 0.39, from 0.25 in 2016Q1. The ratio is more positive, as 7 investment managers increased and opened new equity positions, while 11 reduced and sold their equity positions in Whitehorse Finance Inc. The investment managers in our partner’s database now have: 1.55 million shares, down from 1.59 million shares in 2016Q1. Also, the number of investment managers holding Whitehorse Finance Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 5 Increased: 2 New Position: 5.

WhiteHorse Finance, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $202.50 million. The Firm is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. It has a 36.36 P/E ratio. 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 and have a term of 3 to 6 years.

The stock closed at $11.3 during the last session. It is down 13.23% since April 15, 2016 and is uptrending. It has outperformed by 8.60% the S&P500.

According to Zacks Investment Research, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States.”

Orinda Asset Management Llc holds 0.73% of its portfolio in WhiteHorse Finance Inc for 63,098 shares. Muzinich & Co. Inc. owns 65,733 shares or 0.33% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.16% invested in the company for 908,674 shares. The California-based Ares Management Llc has invested 0.13% in the stock. Nantahala Capital Management Llc, a Connecticut-based fund reported 57,132 shares.#img1#

WhiteHorse Finance Inc (NASDAQ:WHF) Ratings Coverage

Ratings analysis reveals 75% of Whitehorse Finance Inc’s analysts are positive. Out of 4 Wall Street analysts rating Whitehorse Finance Inc, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $11 while the high is $14.5. The stock’s average target of $12.25 is 8.41% above today’s ($11.3) share price. WHF was included in 7 notes of analysts from August 6, 2015. As per Thursday, December 3, the company rating was maintained by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Thursday, August 11. The stock has “Buy” rating given by Citigroup on Wednesday, September 14. The firm earned “Outperform” rating on Thursday, August 6 by Robert W. Baird. The company was maintained on Wednesday, March 9 by Wunderlich. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, August 9.

WHF Company Profile

WhiteHorse Finance, Inc., incorporated on December 28, 2011, is a non-diversified, closed-end management investment company. The Firm 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 Firm may also make investments at other levels of a company’s capital structure, including mezzanine loans or equity interests. The Firm also may receive warrants to purchase common stock in connection with its debt investments.

More recent WhiteHorse Finance Inc (NASDAQ:WHF) news were published by: Prnewswire.com which released: “WhiteHorse Finance, Inc. Announces Record Date for Expected Non-Transferable …” on October 20, 2015. Also Marketwatch.com published the news titled: “WhiteHorse Finance downgraded to neutral from outperform at RW Baird” on February 07, 2012. Businesswire.com‘s news article titled: “WhiteHorse Finance, Inc. Announces Amendment to Revolving Credit Facility” with publication date: August 14, 2014 was also an interesting one.

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By Ruchi Gupta


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