Cambridge Investment Research Advisors Inc. Has $442,000 Stake in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 26.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,799 shares of the investment management company’s stock after purchasing an additional 9,709 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.20% of WhiteHorse Finance worth $442,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in WhiteHorse Finance by 22.6% in the 1st quarter. Blue Trust Inc. now owns 66,782 shares of the investment management company’s stock valued at $644,000 after acquiring an additional 12,328 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of WhiteHorse Finance by 5.0% in the first quarter. Sound Income Strategies LLC now owns 1,013,374 shares of the investment management company’s stock valued at $9,779,000 after acquiring an additional 48,078 shares in the last quarter. Two Sigma Investments LP grew its holdings in WhiteHorse Finance by 19.5% during the fourth quarter. Two Sigma Investments LP now owns 211,790 shares of the investment management company’s stock valued at $2,050,000 after purchasing an additional 34,570 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of WhiteHorse Finance by 8.5% in the fourth quarter. Two Sigma Advisers LP now owns 319,652 shares of the investment management company’s stock worth $3,094,000 after acquiring an additional 25,000 shares during the period. Finally, Tidal Investments LLC raised its position in shares of WhiteHorse Finance by 2.3% in the fourth quarter. Tidal Investments LLC now owns 49,460 shares of the investment management company’s stock worth $479,000 after buying an additional 1,110 shares in the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Stock Performance

WhiteHorse Finance stock opened at $9.05 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $210.32 million, a P/E ratio of 23.21 and a beta of 0.79. The stock’s 50 day moving average is $9.07 and its 200 day moving average is $9.67. WhiteHorse Finance, Inc. has a twelve month low of $8.44 and a twelve month high of $12.44.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Monday, May 12th. The investment management company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). WhiteHorse Finance had a net margin of 10.62% and a return on equity of 11.30%. The firm had revenue of $18.80 million for the quarter, compared to the consensus estimate of $19.98 million. On average, equities research analysts predict that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 17.02%. The ex-dividend date of this dividend was Wednesday, June 18th. WhiteHorse Finance’s dividend payout ratio (DPR) is 394.87%.

Analyst Upgrades and Downgrades

Separately, B. Riley upgraded WhiteHorse Finance to a “hold” rating in a report on Monday, June 16th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, WhiteHorse Finance has a consensus rating of “Hold” and a consensus price target of $10.50.

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.