Virtu Financial LLC Purchases Shares of 26,105 WhiteHorse Finance, Inc. (NASDAQ:WHF)

Virtu Financial LLC acquired a new position in WhiteHorse Finance, Inc. (NASDAQ:WHF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 26,105 shares of the investment management company’s stock, valued at approximately $253,000. Virtu Financial LLC owned 0.11% of WhiteHorse Finance at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WHF. Commonwealth Equity Services LLC increased its stake in WhiteHorse Finance by 23.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company’s stock worth $188,000 after purchasing an additional 3,683 shares during the period. Raymond James Financial Inc. purchased a new position in shares of WhiteHorse Finance in the fourth quarter worth $407,000. Blue Trust Inc. raised its holdings in WhiteHorse Finance by 23.7% during the 4th quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company’s stock valued at $455,000 after buying an additional 9,000 shares during the last quarter. Tidal Investments LLC boosted its position in WhiteHorse Finance by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after buying an additional 3,330 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in WhiteHorse Finance by 2.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company’s stock worth $589,000 after acquiring an additional 1,486 shares during the last quarter. Institutional investors own 13.20% of the company’s stock.

Analysts Set New Price Targets

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

WhiteHorse Finance Price Performance

Shares of WhiteHorse Finance stock opened at $9.54 on Friday. The company has a market cap of $221.74 million, a PE ratio of 21.20 and a beta of 1.25. The business has a 50 day moving average of $10.36 and a 200 day moving average of $10.74. WhiteHorse Finance, Inc. has a 52 week low of $9.45 and a 52 week high of $13.44. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $22.43 million. During the same quarter last year, the company posted $0.46 earnings per share. As a group, equities research analysts forecast that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.54 annualized dividend and a yield of 16.14%. WhiteHorse Finance’s payout ratio is 327.66%.

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.