WhiteHorse Finance, Inc. (NASDAQ:WHF) Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,839 shares of the investment management company’s stock after acquiring an additional 1,486 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.26% of WhiteHorse Finance worth $589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Independent Advisor Alliance acquired a new position in WhiteHorse Finance during the 4th quarter worth $735,000. Sound Income Strategies LLC grew its stake in WhiteHorse Finance by 7.8% during the fourth quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company’s stock worth $9,344,000 after buying an additional 70,234 shares during the last quarter. Raymond James Financial Inc. bought a new position in WhiteHorse Finance in the 4th quarter valued at $407,000. Advisors Asset Management Inc. grew its holdings in WhiteHorse Finance by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock worth $2,232,000 after acquiring an additional 21,616 shares during the last quarter. Finally, Blue Trust Inc. raised its position in WhiteHorse Finance by 43.3% in the 4th quarter. Blue Trust Inc. now owns 54,454 shares of the investment management company’s stock worth $527,000 after purchasing an additional 16,454 shares during the last quarter. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

WhiteHorse Finance Trading Down 6.3 %

NASDAQ:WHF opened at $9.60 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. WhiteHorse Finance, Inc. has a 1-year low of $9.45 and a 1-year high of $13.44. The firm has a market capitalization of $223.13 million, a price-to-earnings ratio of 21.33 and a beta of 1.25. The business’s 50-day moving average price is $10.39 and its two-hundred day moving average price is $10.81.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $21.01 million for the quarter, compared to the consensus estimate of $22.43 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities analysts expect that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 16.04%. The ex-dividend date is Friday, March 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 327.66%.

Analyst Ratings Changes

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

About WhiteHorse Finance

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.