Atria Wealth Solutions Inc. Sells 39,401 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Atria Wealth Solutions Inc. trimmed its position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) by 60.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,768 shares of the investment management company's stock after selling 39,401 shares during the period. Atria Wealth Solutions Inc. owned approximately 0.11% of WhiteHorse Finance worth $274,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of WhiteHorse Finance by 1,057.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company's stock worth $27,000 after buying an additional 2,114 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of WhiteHorse Finance by 7.8% in the fourth quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company's stock worth $9,344,000 after acquiring an additional 70,234 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of WhiteHorse Finance by 23.7% in the 4th 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 in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of 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 last quarter. Finally, Tidal Investments LLC increased its position in WhiteHorse Finance by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company's stock worth $559,000 after purchasing an additional 3,330 shares in the last quarter. 13.20% of the stock is owned by institutional investors.

WhiteHorse Finance Trading Down 0.8 %

WHF traded down $0.09 during midday trading on Wednesday, hitting $10.79. 81,413 shares of the company were exchanged, compared to its average volume of 92,513. The firm's 50 day moving average price is $10.33 and its 200-day moving average price is $10.96. WhiteHorse Finance, Inc. has a 1-year low of $9.45 and a 1-year high of $13.44. The firm has a market capitalization of $250.79 million, a P/E ratio of 23.98 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of WhiteHorse Finance from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Monday, February 3rd. StockNews.com lowered WhiteHorse Finance from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Raymond James reaffirmed a "market perform" rating on shares of WhiteHorse Finance in a report on Friday, November 8th. Finally, Oppenheimer lowered WhiteHorse Finance from an "outperform" rating to a "market perform" rating and cut their price target for the company from $14.00 to $12.00 in a research note on Monday, November 11th.

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.