82,021 Shares in WhiteHorse Finance, Inc. (WHF) Acquired by Ativo Capital Management LLC
Ativo Capital Management LLC bought a new stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 82,021 shares of the investment management company’s stock, valued at approximately $1,097,000.
A number of other institutional investors and hedge funds have also bought and sold shares of WHF. AJO LP acquired a new position in shares of WhiteHorse Finance during the 2nd quarter valued at $216,000. JPMorgan Chase & Co. acquired a new position in shares of WhiteHorse Finance during the 2nd quarter valued at $191,000. BB&T Securities LLC acquired a new position in shares of WhiteHorse Finance during the 2nd quarter valued at $152,000. Janney Montgomery Scott LLC increased its position in shares of WhiteHorse Finance by 1.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 255 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of WhiteHorse Finance during the 1st quarter valued at $205,000. Hedge funds and other institutional investors own 9.61% of the company’s stock.
Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) traded down 0.14% during trading on Thursday, hitting $14.25. The stock had a trading volume of 5,007 shares. WhiteHorse Finance, Inc. has a 52 week low of $10.30 and a 52 week high of $14.93. The stock’s 50 day moving average is $14.16 and its 200 day moving average is $13.94.
WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Tuesday, August 8th. The investment management company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $14.29 million during the quarter, compared to analysts’ expectations of $12.57 million. WhiteHorse Finance had a net margin of 62.57% and a return on equity of 10.57%. On average, equities analysts predict that WhiteHorse Finance, Inc. will post $1.41 EPS for the current fiscal year.
The firm also recently announced 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. This represents a $1.42 annualized dividend and a dividend yield of 9.95%. The ex-dividend date of this dividend is Friday, September 15th. WhiteHorse Finance’s payout ratio is 75.53%.
Several brokerages have recently issued reports on WHF. ValuEngine upgraded WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub cut WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report 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 report on Thursday, June 29th.
WhiteHorse Finance Company Profile
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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