UPDATE: Stifel Nicolaus Initiates WhiteHorse Finance at Buy on Platform

Stifel Nicolaus initiated coverage on WhiteHorse Finance

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.