WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Bought by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 33.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,518 shares of the investment management company’s stock after purchasing an additional 10,047 shares during the period. Trexquant Investment LP owned approximately 0.17% of WhiteHorse Finance worth $392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WHF. LPL Financial LLC lifted its position in WhiteHorse Finance by 10.9% in the fourth quarter. LPL Financial LLC now owns 15,182 shares of the investment management company’s stock worth $147,000 after purchasing an additional 1,495 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of WhiteHorse Finance by 23.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company’s stock worth $188,000 after buying an additional 3,683 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of WhiteHorse Finance in the fourth quarter valued at $253,000. Raymond James Financial Inc. bought a new position in WhiteHorse Finance during the fourth quarter valued at about $407,000. Finally, Blue Trust Inc. grew its holdings in WhiteHorse Finance by 23.7% during the fourth quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company’s stock worth $455,000 after acquiring an additional 9,000 shares during the period. 13.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at WhiteHorse Finance

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

WhiteHorse Finance Stock Performance

WHF opened at $9.02 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19. The firm has a market cap of $209.65 million, a PE ratio of 20.04 and a beta of 1.02. The business has a fifty day simple moving average of $10.08 and a 200-day simple moving average of $10.51. WhiteHorse Finance, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $13.44.

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

WhiteHorse Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.385 per share. The ex-dividend date was Friday, March 21st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 17.07%. WhiteHorse Finance’s dividend payout ratio is currently 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.