Gables Capital Management Inc. Sells 18,849 Shares of WhiteHorse Finance, Inc. $WHF

Gables Capital Management Inc. decreased its stake in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 22.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,082 shares of the investment management company’s stock after selling 18,849 shares during the period. Gables Capital Management Inc.’s holdings in WhiteHorse Finance were worth $559,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WHF. Cambridge Investment Research Advisors Inc. lifted its position in WhiteHorse Finance by 26.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,799 shares of the investment management company’s stock valued at $442,000 after purchasing an additional 9,709 shares during the period. Ethos Financial Group LLC bought a new position in WhiteHorse Finance during the first quarter valued at approximately $1,931,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in WhiteHorse Finance by 13.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,487 shares of the investment management company’s stock valued at $468,000 after purchasing an additional 5,715 shares during the period. Finally, Northstar Advisory Group LLC bought a new position in WhiteHorse Finance during the second quarter valued at approximately $87,000. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Stock Up 2.7%

Shares of WHF stock opened at $7.23 on Wednesday. WhiteHorse Finance, Inc. has a 12 month low of $6.53 and a 12 month high of $12.18. The stock has a market cap of $168.03 million, a P/E ratio of 48.20 and a beta of 0.75. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.32. The company has a 50 day simple moving average of $7.89 and a two-hundred day simple moving average of $8.66.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Thursday, August 7th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.72%. The business had revenue of $18.84 million for the quarter, compared to analysts’ expectations of $19.33 million. On average, research 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 disclosed a special dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, October 31st will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, October 31st. WhiteHorse Finance’s dividend payout ratio is 1,026.67%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WHF shares. Weiss Ratings restated a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, October 8th. Zacks Research upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. lowered their price objective on shares of WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. LADENBURG THALM/SH SH raised shares of WhiteHorse Finance to a “hold” rating in a report on Friday, August 8th. Finally, B. Riley reduced their target price on shares of WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, WhiteHorse Finance has an average rating of “Reduce” and a consensus target price of $9.17.

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.