UPDATE: Stifel Nicolaus Initiates WhiteHorse Finance at Buy on Platform
Stifel Nicolaus initiated coverage on WhiteHorse Finance (NASDAQ: WHF) with a Buy rating and a $16 price target.
Stifel Nicolaus noted, "WhiteHorse Finance, Inc. (WHF) is externally managed by an affiliate of H.I.G. Capital, which has an impressive platform with over $10 billion in assets under management, including approximately $5 billion in debt-oriented investments. H.I.G. has over 250 investment professionals, including 78 dedicated to debt investing. This relationship with H.I.G. will provide WHF management with a wealth of knowledge regarding specific industries, key contacts within an industry, or even company-specific information about potential investments."
WhiteHorse Finance closed at $14.79 on Friday.
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Tags: Stifel Nicolaus