Virtu Financial LLC Acquires Shares of 26,105 WhiteHorse Finance, Inc. (NASDAQ:WHF)

Virtu Financial LLC bought a new position in WhiteHorse Finance, Inc. (NASDAQ:WHF) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,105 shares of the investment management company’s stock, valued at approximately $253,000.

Other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC increased its position in shares of WhiteHorse Finance by 7.8% during the fourth quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company’s stock valued at $9,344,000 after acquiring an additional 70,234 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of WhiteHorse Finance in the 4th quarter worth $735,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of WhiteHorse Finance by 2.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company’s stock worth $589,000 after purchasing an additional 1,486 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of WhiteHorse Finance by 43.3% during the fourth quarter. Blue Trust Inc. now owns 54,454 shares of the investment management company’s stock valued at $527,000 after purchasing an additional 16,454 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of WhiteHorse Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after buying an additional 3,330 shares during the last quarter. 13.20% of the stock is owned by hedge funds and other institutional investors.

WhiteHorse Finance Trading Down 0.1 %

NASDAQ:WHF opened at $9.54 on Friday. The company has a market cap of $221.74 million, a PE ratio of 21.20 and a beta of 1.25. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The company has a 50 day simple moving average of $10.36 and a two-hundred day simple moving average of $10.74. WhiteHorse Finance, Inc. has a 12 month low of $9.45 and a 12 month high of $13.44.

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

WhiteHorse Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 16.14%. The ex-dividend date is Friday, March 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 327.66%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating for the company in a research report on Monday, March 10th.

WhiteHorse Finance Profile

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.