Benjamin F. Edwards & Company Inc. Acquires 20,800 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Benjamin F. Edwards & Company Inc. grew its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 50.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,800 shares of the investment management company’s stock after purchasing an additional 20,800 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 0.27% of WhiteHorse Finance worth $760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in WhiteHorse Finance by 1,130.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,460 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 2,260 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in WhiteHorse Finance during the 4th quarter worth $168,000. Sanders Morris Harris LLC acquired a new stake in WhiteHorse Finance during the 4th quarter worth $402,000. Sound Income Strategies LLC lifted its holdings in WhiteHorse Finance by 6.3% during the fourth quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock worth $9,273,000 after acquiring an additional 44,420 shares in the last quarter. Finally, Toroso Investments LLC grew its stake in WhiteHorse Finance by 6.4% in the third quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock valued at $774,000 after acquiring an additional 3,668 shares during the period. 13.20% of the stock is currently owned by institutional investors.

WhiteHorse Finance Trading Down 0.1 %

NASDAQ:WHF opened at $12.75 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.22. WhiteHorse Finance, Inc. has a twelve month low of $11.14 and a twelve month high of $13.69. The company has a market cap of $296.31 million, a P/E ratio of 14.49 and a beta of 1.25. The business has a 50 day moving average price of $12.56 and a two-hundred day moving average price of $12.49.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. The firm had revenue of $25.63 million for the quarter, compared to analyst estimates of $25.33 million. As a group, analysts expect that WhiteHorse Finance, Inc. will post 1.81 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 22nd were given a dividend of $0.385 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.54 annualized dividend and a yield of 12.08%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 175.00%.

Wall Street Analysts Forecast Growth

WHF has been the topic of several recent analyst reports. StockNews.com upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. reduced their price target on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.81.

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.