Macquarie Group Ltd. Buys New Holdings in WhiteHorse Finance, Inc. (WHF)
Macquarie Group Ltd. purchased a new position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,575 shares of the investment management company’s stock, valued at approximately $539,000. Macquarie Group Ltd. owned about 0.18% of WhiteHorse Finance as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of WHF. Goldman Sachs Group Inc. acquired a new position in shares of WhiteHorse Finance during the first quarter worth approximately $205,000. Janney Montgomery Scott LLC lifted its holdings 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 buying an additional 255 shares during the last quarter. BB&T Securities LLC acquired a new position in shares of WhiteHorse Finance during the second quarter worth approximately $152,000. JPMorgan Chase & Co. acquired a new position in shares of WhiteHorse Finance during the second quarter worth approximately $191,000. Finally, AJO LP acquired a new position in shares of WhiteHorse Finance in the second quarter valued at $216,000. Institutional investors own 9.22% of the company’s stock.
WhiteHorse Finance, Inc. (NASDAQ:WHF) opened at $14.25 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market capitalization of $293.40, a price-to-earnings ratio of 10.28 and a beta of 0.74. WhiteHorse Finance, Inc. has a 12 month low of $12.06 and a 12 month high of $15.05.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 9.96%. WhiteHorse Finance’s payout ratio is 76.34%.
A number of research analysts recently commented on the company. Robert W. Baird lowered WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Monday, October 23rd. ValuEngine lowered WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. BidaskClub upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Oppenheimer assumed coverage on WhiteHorse Finance in a research note on Thursday, November 30th. They issued a “buy” rating and a $15.00 target price for the company. Finally, Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.00.
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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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