Macquarie Group Ltd. decreased its holdings in shares of WhiteHorse Finance Inc (NASDAQ:WHF) by 59.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,166 shares of the investment management company’s stock after selling 23,582 shares during the quarter. Macquarie Group Ltd. owned about 0.08% of WhiteHorse Finance worth $225,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Resource America Inc. raised its position in shares of WhiteHorse Finance by 19.6% in the 3rd quarter. Resource America Inc. now owns 301,636 shares of the investment management company’s stock worth $4,193,000 after buying an additional 49,376 shares during the period. Millennium Management LLC purchased a new position in shares of WhiteHorse Finance in the 2nd quarter worth $853,000. Finally, Legal & General Group Plc purchased a new position in shares of WhiteHorse Finance in the 2nd quarter worth $982,000. Institutional investors and hedge funds own 13.17% of the company’s stock.
In other WhiteHorse Finance news, Director Kevin Francis Burke bought 2,530 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were acquired at an average cost of $13.59 per share, with a total value of $34,382.70. Following the completion of the transaction, the director now owns 530 shares in the company, valued at $7,202.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stuart D. Aronson bought 2,000 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average cost of $13.14 per share, for a total transaction of $26,280.00. Following the completion of the transaction, the chief executive officer now owns 16,000 shares of the company’s stock, valued at approximately $210,240. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 10,530 shares of company stock worth $138,823. Corporate insiders own 1.20% of the company’s stock.
WHF has been the topic of several research reports. BidaskClub raised WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 9th. Zacks Investment Research lowered WhiteHorse Finance from a “hold” rating to a “sell” rating in a research report on Saturday. B. Riley reissued a “buy” rating and issued a $15.00 price objective on shares of WhiteHorse Finance in a research report on Friday, November 2nd. ValuEngine raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, TheStreet raised WhiteHorse Finance from a “c+” rating to a “b-” rating in a research report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.10.
NASDAQ:WHF opened at $13.66 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.15 and a current ratio of 1.15. WhiteHorse Finance Inc has a 12 month low of $10.92 and a 12 month high of $15.80. The stock has a market capitalization of $282.51 million, a price-to-earnings ratio of 10.12 and a beta of 0.67.
WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Tuesday, November 6th. The investment management company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. WhiteHorse Finance had a return on equity of 9.76% and a net margin of 100.60%. The company had revenue of $15.32 million for the quarter, compared to analyst estimates of $15.61 million. Equities research analysts anticipate that WhiteHorse Finance Inc will post 1.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 18th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date was Monday, December 17th. WhiteHorse Finance’s payout ratio is 105.19%.
WhiteHorse Finance Profile
WhiteHorse Finance, LLC is a business development company.
Further Reading: Systematic Risk and Investors
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