Schonfeld Strategic Advisors LLC Buys 25,200 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Schonfeld Strategic Advisors LLC increased its holdings in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 208.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,300 shares of the investment management company’s stock after purchasing an additional 25,200 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.16% of WhiteHorse Finance worth $361,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in shares of WhiteHorse Finance by 7.8% during the 4th quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company’s stock valued at $9,344,000 after purchasing an additional 70,234 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 9,000 shares in the last quarter. Independent Advisor Alliance bought a new position in shares of WhiteHorse Finance during the 4th quarter valued at about $735,000. Tidal Investments LLC lifted its holdings in shares of 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 purchasing an additional 3,330 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of WhiteHorse Finance during the 4th quarter valued at about $407,000. Institutional investors own 13.20% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director John Bolduc purchased 22,360 shares of the stock in a transaction on Tuesday, April 8th. The shares were purchased at an average price of $8.94 per share, with a total value of $199,898.40. Following the transaction, the director now directly owns 237,885 shares of the company’s stock, valued at $2,126,691.90. This trade represents a 10.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

WhiteHorse Finance Trading Down 0.5%

NASDAQ WHF opened at $9.26 on Monday. The stock has a market capitalization of $215.23 million, a price-to-earnings ratio of 20.58 and a beta of 0.84. The stock’s 50 day moving average price is $9.60 and its two-hundred day moving average price is $10.21. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98. WhiteHorse Finance, Inc. has a 52 week low of $8.44 and a 52 week high of $13.44.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results 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). The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $22.43 million. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. During the same quarter in the previous year, the firm posted $0.46 EPS. As a group, analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 16.63%. The ex-dividend date was Friday, March 21st. WhiteHorse Finance’s payout ratio is 327.66%.

WhiteHorse Finance Company 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.