Raymond James Financial Inc. Makes New Investment in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Raymond James Financial Inc. acquired a new stake in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 42,025 shares of the investment management company's stock, valued at approximately $407,000. Raymond James Financial Inc. owned approximately 0.18% of WhiteHorse Finance as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of WHF. Blue Trust Inc. grew its position in WhiteHorse Finance by 43.3% in the fourth quarter. Blue Trust Inc. now owns 54,454 shares of the investment management company's stock worth $527,000 after buying an additional 16,454 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of WhiteHorse Finance by 7.8% in the 4th 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. Finally, Tidal Investments LLC raised its position in shares of WhiteHorse Finance by 7.4% during the third 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 during the period. Institutional investors and hedge funds own 13.20% of the company's stock.

WhiteHorse Finance Trading Up 1.0 %

NASDAQ WHF traded up $0.09 on Friday, hitting $9.02. 78,911 shares of the stock were exchanged, compared to its average volume of 96,025. The company's 50-day moving average price is $10.08 and its two-hundred day moving average price is $10.51. 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 52-week low of $8.44 and a 52-week high of $13.44. The company has a market capitalization of $209.65 million, a price-to-earnings ratio of 20.04 and a beta of 1.02.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm had revenue of $21.01 million during the quarter, compared to analyst estimates of $22.43 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. During the same quarter in the prior year, the company posted $0.46 EPS. Research analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced 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 yield of 17.07%. The ex-dividend date of this dividend was Friday, March 21st. WhiteHorse Finance's payout ratio is 327.66%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th.

Insider Buying and Selling at WhiteHorse Finance

In other WhiteHorse Finance news, Director John Bolduc bought 22,360 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was purchased at an average price of $8.94 per share, for a total transaction of $199,898.40. Following the purchase, the director now directly owns 237,885 shares in the company, valued at $2,126,691.90. This trade represents a 10.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

WhiteHorse Finance Company 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.