Atria Wealth Solutions Inc. Has $747,000 Stake in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Atria Wealth Solutions Inc. reduced its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 22.2% during the 4th quarter, HoldingsChannel reports. The fund owned 58,548 shares of the investment management company’s stock after selling 16,707 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in WhiteHorse Finance were worth $747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of WhiteHorse Finance by 1,130.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company’s stock worth $30,000 after acquiring an additional 2,260 shares in the last quarter. NewEdge Wealth LLC acquired a new stake in shares of WhiteHorse Finance in the third quarter valued at about $145,000. Raymond James Financial Services Advisors Inc. bought a new stake in WhiteHorse Finance during the fourth quarter worth about $168,000. Acadian Asset Management LLC acquired a new position in WhiteHorse Finance during the third quarter valued at approximately $248,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake 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 in the last quarter. 13.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WHF shares. B. Riley downgraded WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price objective for the company. in a report on Monday, January 8th. StockNews.com raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating on the stock in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, WhiteHorse Finance has a consensus rating of “Hold” and a consensus price target of $12.81.

WhiteHorse Finance Trading Down 1.8 %

Shares of WhiteHorse Finance stock opened at $12.79 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 has a fifty day simple moving average of $12.55 and a two-hundred day simple moving average of $12.48. WhiteHorse Finance, Inc. has a 1 year low of $11.13 and a 1 year high of $13.69. The company has a market capitalization of $297.24 million, a price-to-earnings ratio of 14.53 and a beta of 1.25.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. The company had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. Research analysts forecast that WhiteHorse Finance, Inc. will post 1.81 EPS for the current year.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 22nd were given a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 12.04%. The ex-dividend date of this dividend was Thursday, March 21st. WhiteHorse Finance’s payout ratio is 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.