In a report released today, Robert Dodd from Raymond James maintained a Buy rating on WhiteHorse (WHF). The company’s shares closed last Tuesday at $13.05, close to its 52-week high of $14.43.
According to TipRanks.com, Dodd is a 4-star analyst with an average return of 6.2% and a 68.9% success rate. Dodd covers the Financial sector, focusing on stocks such as First Eagle Alternative Capital BDC, Investcorp Credit Management BDC, and Sixth Street Specialty Lending.
WhiteHorse has an analyst consensus of Moderate Buy, with a price target consensus of $15.00, implying a 17.2% upside from current levels. In a report issued on November 9, Oppenheimer also assigned a Buy rating to the stock with a $15.00 price target.
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Based on WhiteHorse’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $22.54 million and net profit of $21.63 million. In comparison, last year the company earned revenue of $7.91 million and had a net profit of $6.86 million.
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WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate. It focuses principally on originating senior secured loans to lower middle market companies. The company was founded on December 28, 2011 and is headquartered in Miami, FL.
