WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Sold by Mariner LLC

Mariner LLC cut its stake in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 9.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,404 shares of the investment management company’s stock after selling 1,225 shares during the period. Mariner LLC’s holdings in WhiteHorse Finance were worth $110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC raised its holdings in 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 valued at $9,344,000 after acquiring an additional 70,234 shares during the last quarter. Blue Trust Inc. raised its holdings 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 buying an additional 9,000 shares during the period. Independent Advisor Alliance purchased a new position in shares of WhiteHorse Finance in the fourth quarter valued at approximately $735,000. Tidal Investments LLC increased 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 acquiring an additional 3,330 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in WhiteHorse Finance during the 4th quarter worth $407,000. 13.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price target on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating for the company in a report on Monday, March 10th.

Insider Buying and Selling at WhiteHorse Finance

In other WhiteHorse Finance news, Director John Bolduc bought 22,360 shares of WhiteHorse Finance stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of $8.94 per share, with a total value of $199,898.40. Following the completion of the acquisition, the director now owns 237,885 shares in the company, valued at $2,126,691.90. The trade was a 10.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

WhiteHorse Finance Price Performance

Shares of WHF opened at $9.31 on Friday. The firm has a fifty day moving average price of $9.63 and a 200 day moving average price of $10.25. The stock has a market cap of $216.39 million, a PE ratio of 20.69 and a beta of 0.84. WhiteHorse Finance, Inc. has a 1-year low of $8.44 and a 1-year high of $13.44. 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 (NASDAQ:WHF) last announced its earnings results 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 business had revenue of $21.01 million during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.46 earnings per share. As a group, sell-side analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 16.54%. The ex-dividend date was Friday, March 21st. WhiteHorse Finance’s payout ratio is currently 327.66%.

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.