WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Sold by Gables Capital Management Inc.

Gables Capital Management Inc. decreased its holdings in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,106 shares of the investment management company’s stock after selling 5,900 shares during the period. Gables Capital Management Inc. owned approximately 0.36% of WhiteHorse Finance worth $804,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth approximately $407,000. Blue Trust Inc. increased 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 worth $455,000 after buying an additional 9,000 shares during the last quarter. Tidal Investments LLC increased 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 worth $559,000 after buying an additional 3,330 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth approximately $735,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of WhiteHorse Finance by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock worth $2,232,000 after buying an additional 21,616 shares during the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Stock Performance

NASDAQ:WHF opened at $10.00 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $232.43 million, a P/E ratio of 22.22 and a beta of 1.25. The company has a 50 day moving average price of $10.36 and a 200 day moving average price of $10.92. WhiteHorse Finance, Inc. has a fifty-two week low of $9.45 and a fifty-two week high of $13.44.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $22.43 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. During the same period in the previous year, the business posted $0.46 EPS. Equities research analysts forecast that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.385 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.54 annualized dividend and a yield of 15.40%. WhiteHorse Finance’s dividend payout ratio is presently 327.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Oppenheimer downgraded shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $14.00 to $12.00 in a report on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating for the company in a report on Monday.

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.