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UPDATE: Citigroup Initiates WhiteHorse Finance at Buy on Yield, Valuation

Top 4 NASDAQ Stocks In The Asset Management Industry With The Lowest PEG Ratio
Earnings Scheduled For November 10, 2014

Citigroup initiated coverage on WhiteHorse Finance (NASDAQ: WHF) with a Buy rating and a $16 price target.

Citigroup commented, "While peers have cited looser credit standards and tighter spreads over the last 12 months, WHF should be able to maintain attractive yields given their small-cap, private company focus. We also like that WHF is able to pay a dividend out of the box, given the loans H.I.G. contributed at the IPO. In terms of valuation, WHF is trading at 0.96x pro forma IPO book value, versus peers in the 1-1.1x range. And the stock offers an attractive dividend yield of ~10%."

WhiteHorse Finance closed at $14.78 on Friday.

Latest Ratings for WHF

Mar 2016WunderlichMaintainsBuy
Aug 2015BairdUpgradesNeutralOutperform
Mar 2015CitigroupMaintainsBuy

View More Analyst Ratings for WHF
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Posted-In: CitigroupAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


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