Atria Wealth Solutions Inc. Cuts Stake in WhiteHorse Finance, Inc. $WHF

Atria Wealth Solutions Inc. lowered its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 42.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,778 shares of the investment management company’s stock after selling 10,990 shares during the quarter. Atria Wealth Solutions Inc. owned 0.06% of WhiteHorse Finance worth $148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WHF. Tower Research Capital LLC TRC bought a new position in WhiteHorse Finance in the fourth quarter valued at about $39,000. Snowden Capital Advisors LLC bought a new stake in WhiteHorse Finance during the 4th quarter valued at approximately $101,000. LPL Financial LLC grew its holdings in WhiteHorse Finance by 10.9% during the 4th quarter. LPL Financial LLC now owns 15,182 shares of the investment management company’s stock valued at $147,000 after buying an additional 1,495 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in WhiteHorse Finance during the 4th quarter valued at approximately $154,000. Finally, Northern Trust Corp boosted its holdings in shares of WhiteHorse Finance by 42.4% in the 4th quarter. Northern Trust Corp now owns 19,570 shares of the investment management company’s stock worth $189,000 after purchasing an additional 5,828 shares during the period. Institutional investors own 13.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WHF shares. B. Riley decreased their target price on WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 13th. LADENBURG THALM/SH SH upgraded WhiteHorse Finance to a “hold” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.00.

WhiteHorse Finance Price Performance

WHF stock opened at $8.48 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $9.45. The firm has a market capitalization of $197.10 million, a PE ratio of 56.54 and a beta of 0.82. WhiteHorse Finance, Inc. has a 1 year low of $8.36 and a 1 year high of $12.42.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Thursday, August 7th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The company had revenue of $18.84 million during the quarter, compared to analysts’ expectations of $19.33 million. WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.72%. Equities research analysts anticipate 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 will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 18.2%. The ex-dividend date is Friday, September 19th. WhiteHorse Finance’s dividend payout ratio is presently 1,026.67%.

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.