Commonwealth Equity Services LLC Increases Position in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Commonwealth Equity Services LLC increased its position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,418 shares of the investment management company’s stock after acquiring an additional 3,683 shares during the quarter. Commonwealth Equity Services LLC’s holdings in WhiteHorse Finance were worth $188,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of WhiteHorse Finance during the 4th quarter valued at about $407,000. Blue Trust Inc. grew 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 grew 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. Connor Clark & Lunn Investment Management Ltd. increased its position in WhiteHorse Finance by 2.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company’s stock worth $589,000 after purchasing an additional 1,486 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new position in WhiteHorse Finance during the fourth quarter worth approximately $735,000. 13.20% of the stock is owned by hedge funds and other institutional investors.

WhiteHorse Finance Stock Performance

NASDAQ WHF opened at $8.93 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98. WhiteHorse Finance, Inc. has a 1-year low of $8.44 and a 1-year high of $13.44. The firm has a market capitalization of $207.56 million, a P/E ratio of 19.84 and a beta of 1.02. The business’s 50-day simple moving average is $10.11 and its 200-day simple moving average is $10.53.

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

WhiteHorse Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a $0.385 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.54 annualized dividend and a yield of 17.25%. WhiteHorse Finance’s dividend payout ratio is currently 327.66%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price objective on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating for the company in a research note on Monday, March 10th.

Insider Buying and Selling at WhiteHorse Finance

In other news, Director John Bolduc purchased 22,360 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of $8.94 per share, with a total value of $199,898.40. Following the purchase, the director now directly owns 237,885 shares of the company’s stock, valued at approximately $2,126,691.90. This represents a 10.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.

About WhiteHorse Finance

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.