13,622 Shares in WhiteHorse Finance, Inc. (NASDAQ:WHF) Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. acquired a new position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,622 shares of the investment management company’s stock, valued at approximately $168,000.

A number of other large investors also recently added to or reduced their stakes in the business. NewEdge Wealth LLC acquired a new position in shares of WhiteHorse Finance in the 3rd quarter valued at $145,000. Acadian Asset Management LLC bought a new stake in WhiteHorse Finance in the third quarter valued at about $248,000. Cambridge Investment Research Advisors Inc. increased its holdings in WhiteHorse Finance by 5.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 24,787 shares of the investment management company’s stock valued at $317,000 after purchasing an additional 1,270 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in WhiteHorse Finance in the fourth quarter valued at about $402,000. Finally, Virtus ETF Advisers LLC boosted its holdings in WhiteHorse Finance by 74.2% during the third quarter. Virtus ETF Advisers LLC now owns 57,966 shares of the investment management company’s stock worth $740,000 after buying an additional 24,681 shares during the last quarter. 13.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WHF. JPMorgan Chase & Co. cut their price target on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating on the stock in a research report on Friday, March 1st. StockNews.com lowered shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Thursday. Finally, B. Riley cut shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price target on the stock. in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.81.

WhiteHorse Finance Trading Down 1.4 %

NASDAQ:WHF opened at $12.82 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50-day simple moving average is $12.52 and its 200-day simple moving average is $12.47. WhiteHorse Finance, Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $13.69. The stock has a market capitalization of $297.94 million, a PE ratio of 14.57 and a beta of 1.28.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Thursday, February 29th. The investment management company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $25.63 million for the quarter, compared to the consensus estimate of $25.33 million. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. Sell-side analysts expect that WhiteHorse Finance, Inc. will post 1.81 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 22nd were given a $0.385 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.54 annualized dividend and a yield of 12.01%. WhiteHorse Finance’s dividend payout ratio is currently 175.00%.

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.