Trexquant Investment LP Has $307,000 Stock Position in WhiteHorse Finance, Inc. $WHF

Trexquant Investment LP lowered its stake in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 21.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,806 shares of the investment management company’s stock after selling 8,712 shares during the period. Trexquant Investment LP owned approximately 0.14% of WhiteHorse Finance worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WHF. Tower Research Capital LLC TRC acquired a new position in shares of WhiteHorse Finance during the fourth quarter valued at about $39,000. Northern Trust Corp raised its holdings in shares of WhiteHorse Finance by 42.4% during the fourth quarter. Northern Trust Corp now owns 19,570 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 5,828 shares during the period. Jane Street Group LLC acquired a new stake in WhiteHorse Finance in the 4th quarter valued at $241,000. Bank of America Corp DE grew its position in WhiteHorse Finance by 26.5% in the 4th quarter. Bank of America Corp DE now owns 41,301 shares of the investment management company’s stock valued at $400,000 after purchasing an additional 8,651 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in WhiteHorse Finance in the 4th quarter valued at $154,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Trading Up 0.5%

Shares of WHF stock opened at $8.73 on Wednesday. WhiteHorse Finance, Inc. has a 52-week low of $8.36 and a 52-week high of $12.42. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50-day simple moving average of $8.73 and a two-hundred day simple moving average of $9.22. The company has a market capitalization of $202.89 million, a price-to-earnings ratio of 58.20 and a beta of 0.80.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data 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). WhiteHorse Finance had a return on equity of 10.72% and a net margin of 4.36%.The firm had revenue of $18.84 million during the quarter, compared to the consensus estimate of $19.33 million. Research analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 17.6%. The ex-dividend date of this dividend is Friday, September 19th. WhiteHorse Finance’s payout ratio is 1,026.67%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WHF shares. LADENBURG THALM/SH SH upgraded shares of WhiteHorse Finance to a “hold” rating in a report on Friday, August 8th. B. Riley lowered their target price on shares of WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteHorse Finance has an average rating of “Reduce” and an average target price of $10.00.

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.