BB&T Securities LLC purchased a new stake in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,425 shares of the investment management company’s stock, valued at approximately $152,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of WHF. UBS Group AG increased its stake in shares of WhiteHorse Finance by 2.3% during the first quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock worth $4,024,000 after purchasing an additional 6,584 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of WhiteHorse Finance during the first quarter worth approximately $476,000. Janney Montgomery Scott LLC increased its stake in shares of WhiteHorse Finance by 1.3% during the second quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock worth $268,000 after purchasing an additional 255 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of WhiteHorse Finance during the first quarter worth approximately $205,000. 9.61% of the stock is owned by hedge funds and other institutional investors.
Shares of WhiteHorse Finance, Inc. (NASDAQ WHF) traded up 1.90% on Friday, reaching $14.46. The company’s stock had a trading volume of 55,624 shares. The stock has a 50 day moving average of $14.16 and a 200-day moving average of $13.94. WhiteHorse Finance, Inc. has a 12 month low of $10.30 and a 12 month high of $14.93.
WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. WhiteHorse Finance had a net margin of 62.57% and a return on equity of 10.57%. The business had revenue of $14.29 million during the quarter, compared to analyst estimates of $12.57 million. Equities research analysts predict that WhiteHorse Finance, Inc. will post $1.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be given a dividend of $0.355 per share. The ex-dividend date is Friday, September 15th. This represents a $1.42 annualized dividend and a yield of 9.82%. WhiteHorse Finance’s payout ratio is 75.53%.
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A number of equities analysts have commented on the company. ValuEngine upgraded WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Robert W. Baird upgraded WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Thursday, June 29th.
About WhiteHorse Finance
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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