WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Purchased by Millennium Management LLC

Millennium Management LLC boosted its position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 172.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,981 shares of the investment management company’s stock after acquiring an additional 82,263 shares during the quarter. Millennium Management LLC owned 0.56% of WhiteHorse Finance worth $1,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Independent Advisor Alliance acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth about $735,000. Tower Research Capital LLC TRC purchased a new stake in WhiteHorse Finance during the fourth quarter worth $39,000. Raymond James Financial Inc. purchased a new stake in WhiteHorse Finance during the fourth quarter worth $407,000. Virtu Financial LLC purchased a new stake in shares of WhiteHorse Finance in the fourth quarter valued at $253,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of WhiteHorse Finance by 5.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,772 shares of the investment management company’s stock valued at $414,000 after acquiring an additional 2,273 shares in the last quarter. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director John Bolduc purchased 22,360 shares of the stock in a transaction dated Tuesday, April 8th. The shares were bought at an average cost of $8.94 per share, for a total transaction of $199,898.40. Following the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

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

WhiteHorse Finance Price Performance

WHF stock opened at $9.05 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98. WhiteHorse Finance, Inc. has a 1 year low of $8.44 and a 1 year high of $13.28. The firm has a market cap of $210.35 million, a P/E ratio of 20.11 and a beta of 0.84. The stock has a 50-day simple moving average of $9.28 and a 200-day simple moving average of $9.94.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Monday, May 12th. The investment management company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The firm had revenue of $18.80 million for the quarter, compared to the consensus estimate of $19.98 million. On average, equities analysts predict that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 19th will be issued a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 17.02%. The ex-dividend date is Wednesday, June 18th. WhiteHorse Finance’s dividend payout ratio (DPR) is 394.87%.

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.