WhiteHorse Finance Inc (WHF) was Downgraded by Robert W. Baird to ” Neutral” and the brokerage firm has set the Price Target at $12. Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Aug 9, 2016.
WhiteHorse Finance Inc opened for trading at $11.58 and hit $12.72 on the upside on Monday, eventually ending the session at $12.07, with a gain of 4.14% or 0.4801 points. The heightened volatility saw the trading volume jump to 87,505 shares. Company has a market cap of $221 M.
In a different news, on Jun 1, 2016, John Bolduc (director) purchased 17,230 shares at $10.35 per share price. According to the SEC, on Mar 9, 2016, Gerhard Lombard (CFO) purchased 1,300 shares at $9.92 per share price. On Mar 9, 2016, G Stacy Smith (director) purchased 8,000 shares at $10.00 per share price, according to the Form-4 filing with the securities and exchange commission.
WhiteHorse Finance Inc. (WhiteHorse Finance) is an externally managed non-diversified closed-end management investment company that has elected to be treated as a business development company. The Company is also elected to be treated as a regulated investment company or RIC. The Company is a direct lender targeting debt investments in privately held small-cap companies located in the United States. Its investment objective is to generate 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 three to six years. The Company’s investment portfolio consists primarily of senior secured loans across 37 positions in 31 companies. Its investment activities are managed by its investment adviser WhiteHorse Advisers LLC.