Connor Clark & Lunn Investment Management Ltd. Has $589,000 Stock Position in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,839 shares of the investment management company’s stock after purchasing an additional 1,486 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in WhiteHorse Finance were worth $589,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WHF. Raymond James Financial Inc. acquired a new position in shares of WhiteHorse Finance during the fourth quarter worth $407,000. Blue Trust Inc. increased its holdings in WhiteHorse Finance by 23.7% in the fourth quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company’s stock valued at $455,000 after purchasing an additional 9,000 shares during the period. Tidal Investments LLC increased its holdings in WhiteHorse Finance by 7.4% in the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after purchasing an additional 3,330 shares during the period. Independent Advisor Alliance bought a new position in WhiteHorse Finance during the 4th quarter worth $735,000. Finally, Advisors Asset Management Inc. increased its position in WhiteHorse Finance by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock valued at $2,232,000 after purchasing an additional 21,616 shares during the period. Institutional investors and hedge funds own 13.20% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target on WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating for the company in a report on Monday, March 10th.

WhiteHorse Finance Trading Down 6.3 %

WHF opened at $9.60 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average price of $10.39 and a two-hundred day moving average price of $10.81. The company has a market cap of $223.13 million, a P/E ratio of 21.33 and a beta of 1.25. WhiteHorse Finance, Inc. has a 1-year low of $9.45 and a 1-year high of $13.44.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. The business had revenue of $21.01 million for the quarter, compared to analyst estimates of $22.43 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.385 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.54 annualized dividend and a yield of 16.04%. WhiteHorse Finance’s dividend payout ratio (DPR) is 327.66%.

WhiteHorse Finance 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.