International Assets Investment Management LLC Has $27,000 Stake in WhiteHorse Finance, Inc. (NASDAQ:WHF)

International Assets Investment Management LLC grew its holdings in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 1,057.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,314 shares of the investment management company’s stock after purchasing an additional 2,114 shares during the period. International Assets Investment Management LLC’s holdings in WhiteHorse Finance were worth $27,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WHF. Sanders Morris Harris LLC raised its stake in WhiteHorse Finance by 3.1% in the second quarter. Sanders Morris Harris LLC now owns 32,244 shares of the investment management company’s stock valued at $396,000 after purchasing an additional 956 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in WhiteHorse Finance by 19.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock valued at $227,000 after buying an additional 3,013 shares during the period. EntryPoint Capital LLC acquired a new position in shares of WhiteHorse Finance in the 1st quarter valued at approximately $39,000. Blue Trust Inc. raised its position in shares of WhiteHorse Finance by 15.2% in the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock valued at $466,000 after buying an additional 5,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of WhiteHorse Finance by 48.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock worth $270,000 after acquiring an additional 7,195 shares during the period. 13.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WHF. JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a research note on Monday, July 29th. StockNews.com lowered WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Raymond James restated a “market perform” rating on shares of WhiteHorse Finance in a research report on Friday. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, WhiteHorse Finance currently has a consensus rating of “Hold” and an average target price of $12.75.

WhiteHorse Finance Price Performance

WHF stock opened at $11.07 on Friday. The stock has a market cap of $257.27 million, a price-to-earnings ratio of 11.18 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.47 and a quick ratio of 1.47. The company has a 50 day simple moving average of $11.75 and a 200 day simple moving average of $12.19. WhiteHorse Finance, Inc. has a 1 year low of $10.95 and a 1 year high of $13.44.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Thursday, August 8th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). WhiteHorse Finance had a return on equity of 13.12% and a net margin of 22.73%. The company had revenue of $23.48 million for the quarter, compared to analyst estimates of $24.72 million. During the same quarter last year, the company posted $0.46 earnings per share. Research analysts anticipate that WhiteHorse Finance, Inc. will post 1.7 EPS for the current fiscal year.

WhiteHorse Finance Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.385 dividend. This represents a yield of 13.9%. The ex-dividend date is Friday, December 20th. This is a boost from WhiteHorse Finance’s previous — dividend of $0.05. WhiteHorse Finance’s dividend payout ratio is presently 155.56%.

Insiders Place Their Bets

In other WhiteHorse Finance news, Director John Bolduc acquired 12,673 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $11.48 per share, for a total transaction of $145,486.04. Following the acquisition, the director now directly owns 224,326 shares in the company, valued at $2,575,262.48. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

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.