Sound Income Strategies LLC Decreases Stock Position in WhiteHorse Finance, Inc. $WHF

Sound Income Strategies LLC lessened its position in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 91.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,922 shares of the investment management company’s stock after selling 781,054 shares during the quarter. Sound Income Strategies LLC owned about 0.33% of WhiteHorse Finance worth $532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WHF. Advisory Services Network LLC acquired a new stake in shares of WhiteHorse Finance in the third quarter valued at approximately $26,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of WhiteHorse Finance by 35.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 24,457 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 6,460 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of WhiteHorse Finance by 4.4% in the second quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company’s stock valued at $1,368,000 after purchasing an additional 6,560 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of WhiteHorse Finance by 11.9% in the third quarter. Blue Trust Inc. now owns 75,437 shares of the investment management company’s stock valued at $522,000 after purchasing an additional 8,000 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in shares of WhiteHorse Finance in the third quarter valued at approximately $75,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Insider Buying and Selling at WhiteHorse Finance

In other WhiteHorse Finance news, Director John Bolduc bought 8,390 shares of the business’s stock in a transaction on Monday, March 16th. The stock was bought at an average price of $7.12 per share, with a total value of $59,736.80. Following the completion of the purchase, the director directly owned 284,617 shares in the company, valued at $2,026,473.04. The trade was a 3.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stuart D. Aronson bought 8,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $6.95 per share, with a total value of $55,600.00. Following the purchase, the chief executive officer owned 80,000 shares of the company’s stock, valued at $556,000. The trade was a 11.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 47,448 shares of company stock valued at $337,673. 2.50% of the stock is owned by insiders.

WhiteHorse Finance Price Performance

WHF stock opened at $7.50 on Thursday. The business has a fifty day moving average of $6.92 and a two-hundred day moving average of $7.03. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.25. The stock has a market cap of $166.73 million, a price-to-earnings ratio of 12.10 and a beta of 0.41. WhiteHorse Finance, Inc. has a 52-week low of $6.07 and a 52-week high of $9.95.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $17.34 million during the quarter, compared to analysts’ expectations of $16.91 million. WhiteHorse Finance had a return on equity of 9.66% and a net margin of 19.73%. As a group, research analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Thursday, March 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $1.00 annualized dividend and a yield of 13.3%. WhiteHorse Finance’s dividend payout ratio (DPR) is 161.29%.

Analysts Set New Price Targets

Several research firms recently commented on WHF. Zacks Research raised WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $7.75.

WhiteHorse Finance Profile

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.