Independent Advisor Alliance purchased a new position in WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 75,925 shares of the investment management company's stock, valued at approximately $735,000. Independent Advisor Alliance owned about 0.33% of WhiteHorse Finance as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the business. Sound Income Strategies LLC increased its position in WhiteHorse Finance by 7.8% during the fourth quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company's stock valued at $9,344,000 after acquiring an additional 70,234 shares during the last quarter. Blue Trust Inc. increased its position 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 valued at $455,000 after acquiring an additional 9,000 shares during the last quarter. Advisors Asset Management Inc. increased its position in WhiteHorse Finance by 12.6% during the third quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company's stock valued at $2,232,000 after acquiring an additional 21,616 shares during the last quarter. Tidal Investments LLC increased its position in WhiteHorse Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company's stock valued at $559,000 after acquiring an additional 3,330 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in WhiteHorse Finance during the fourth quarter valued at $407,000. Institutional investors own 13.20% of the company's stock.
Wall Street Analyst Weigh In
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.
Read Our Latest Analysis on WHF
WhiteHorse Finance Trading Down 0.9 %
Shares of WHF traded down $0.09 during trading hours on Thursday, reaching $10.25. 137,612 shares of the company traded hands, compared to its average volume of 94,792. The firm has a market cap of $238.24 million, a price-to-earnings ratio of 22.78 and a beta of 1.25. WhiteHorse Finance, Inc. has a 12-month low of $9.45 and a 12-month high of $13.44. 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 stock's fifty day moving average price is $10.39 and its 200 day moving average price is $10.84.
WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last issued its earnings results 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). The company had revenue of $21.01 million for the quarter, compared to analysts' expectations of $22.43 million. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. During the same period in the prior year, the firm posted $0.46 earnings per share. Sell-side analysts forecast that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.
WhiteHorse Finance Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 15.02%. The ex-dividend date is Friday, March 21st. WhiteHorse Finance's dividend payout ratio is currently 327.66%.
About WhiteHorse Finance
(
Free Report)
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.
Further Reading
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