Raymond James Financial Services Advisors Inc. Makes New Investment in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Raymond James Financial Services Advisors Inc. bought a new position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 13,622 shares of the investment management company’s stock, valued at approximately $168,000. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of WhiteHorse Finance as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. NewEdge Wealth LLC acquired a new stake in shares of WhiteHorse Finance in the 3rd quarter worth approximately $145,000. Acadian Asset Management LLC purchased a new position in shares of WhiteHorse Finance in the third quarter valued at $248,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of WhiteHorse Finance by 5.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock worth $317,000 after buying an additional 1,270 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in shares of WhiteHorse Finance during the 4th quarter worth $402,000. Finally, Virtus ETF Advisers LLC grew its stake in WhiteHorse Finance by 74.2% in the 3rd quarter. Virtus ETF Advisers LLC now owns 57,966 shares of the investment management company’s stock valued at $740,000 after acquiring an additional 24,681 shares during the last quarter. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

WhiteHorse Finance Trading Down 1.4 %

WHF stock opened at $12.82 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.22. The company has a market cap of $297.94 million, a price-to-earnings ratio of 14.57 and a beta of 1.28. The business has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $12.47. WhiteHorse Finance, Inc. has a 52 week low of $11.13 and a 52 week high of $13.69.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Thursday, February 29th. The investment management company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The company had revenue of $25.63 million during the quarter, compared to analyst estimates of $25.33 million. On average, equities research analysts expect that WhiteHorse Finance, Inc. will post 1.81 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 22nd were paid a dividend of $0.385 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.54 annualized dividend and a yield of 12.01%. WhiteHorse Finance’s dividend payout ratio is currently 175.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. B. Riley cut shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 target price for the company. in a research report on Monday, January 8th. StockNews.com downgraded WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, WhiteHorse Finance currently has an average rating of “Hold” and a consensus price target of $12.81.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.