Quadrature Capital Ltd Increases Position in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Quadrature Capital Ltd lifted its holdings in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 121.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,643 shares of the investment management company’s stock after purchasing an additional 34,353 shares during the period. Quadrature Capital Ltd owned about 0.27% of WhiteHorse Finance worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sound Income Strategies LLC increased its stake in WhiteHorse Finance by 6.3% during the 4th quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock worth $9,273,000 after buying an additional 44,420 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in WhiteHorse Finance during the 4th quarter worth approximately $402,000. Advisors Asset Management Inc. increased its stake in WhiteHorse Finance by 8.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock worth $3,581,000 after buying an additional 20,882 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in WhiteHorse Finance by 50.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 61,800 shares of the investment management company’s stock worth $760,000 after buying an additional 20,800 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in WhiteHorse Finance during the 3rd quarter worth approximately $248,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Insider Activity at WhiteHorse Finance

In related news, major shareholder Anthony Tamer sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $12.15, for a total value of $12,150,000.00. Following the transaction, the insider now directly owns 3,976,258 shares in the company, valued at $48,311,534.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WHF has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective on WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Friday, March 1st. StockNews.com lowered WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.81.

WhiteHorse Finance Trading Down 0.4 %

Shares of WhiteHorse Finance stock opened at $12.31 on Friday. The stock has a market cap of $289.38 million, a P/E ratio of 15.01 and a beta of 1.27. The stock’s 50 day simple moving average is $12.88 and its 200-day simple moving average is $12.66. WhiteHorse Finance, Inc. has a 1-year low of $11.48 and a 1-year high of $13.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.39 and a quick ratio of 1.39.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Wednesday, May 8th. The investment management company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $25.48 million for the quarter, compared to analysts’ expectations of $24.90 million. WhiteHorse Finance had a return on equity of 13.40% and a net margin of 18.40%. Analysts predict that WhiteHorse Finance, Inc. will post 1.8 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th will be issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 12.51%. The ex-dividend date is Tuesday, June 18th. WhiteHorse Finance’s dividend payout ratio is presently 187.81%.

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.