LPL Financial LLC Purchases 1,495 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

LPL Financial LLC boosted its position in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 10.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,182 shares of the investment management company’s stock after buying an additional 1,495 shares during the quarter. LPL Financial LLC’s holdings in WhiteHorse Finance were worth $147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WHF. Commonwealth Equity Services LLC grew its holdings in WhiteHorse Finance by 23.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 3,683 shares during the period. Virtu Financial LLC bought a new stake in WhiteHorse Finance during the 4th quarter worth approximately $253,000. Raymond James Financial Inc. acquired a new stake in WhiteHorse Finance during the 4th quarter worth approximately $407,000. Blue Trust Inc. lifted its stake 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 buying an additional 9,000 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of 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 buying an additional 3,330 shares during the period. 13.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

WhiteHorse Finance Price Performance

NASDAQ WHF opened at $9.57 on Thursday. The firm’s 50 day moving average is $9.82 and its 200-day moving average is $10.35. 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 company has a market capitalization of $222.44 million, a PE ratio of 21.27 and a beta of 1.02. WhiteHorse Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $13.44.

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

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 16.09%. The ex-dividend date of this dividend was Friday, March 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is 327.66%.

Insider Activity

In other news, Director John Bolduc acquired 22,360 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of $8.94 per share, with a total value of $199,898.40. Following the transaction, the director now directly owns 237,885 shares in the company, valued at approximately $2,126,691.90. The trade was a 10.37 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

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.