Ajo LP Acquires New Position in WhiteHorse Finance, Inc. (WHF)
Ajo LP acquired a new position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,172 shares of the investment management company’s stock, valued at approximately $216,000.
A number of other institutional investors have also recently modified their holdings of the business. UBS Group AG grew its stake in 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 buying an additional 6,584 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in 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 buying an additional 255 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in WhiteHorse Finance during the first quarter worth about $205,000. JPMorgan Chase & Co. bought a new stake in WhiteHorse Finance during the second quarter worth about $191,000. Finally, BB&T Securities LLC bought a new stake in WhiteHorse Finance during the second quarter worth about $152,000. 9.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) opened at 14.19 on Friday. The stock’s 50 day moving average is $14.16 and its 200 day moving average is $13.94. WhiteHorse Finance, Inc. has a 1-year low of $10.30 and a 1-year high of $14.93.
WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The business 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%. Analysts anticipate that WhiteHorse Finance, Inc. will post $1.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 18th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 9.95%. The ex-dividend date is Friday, September 15th. WhiteHorse Finance’s dividend payout ratio is 75.53%.
Several analysts have weighed in on WHF shares. BidaskClub cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of WhiteHorse Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Robert W. Baird raised shares of WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Thursday, June 29th. Finally, ValuEngine raised shares of WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.
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.
Want to see what other hedge funds are holding WHF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WhiteHorse Finance, Inc. (NASDAQ:WHF).
Receive News & Ratings for WhiteHorse Finance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.