Sound Income Strategies LLC Acquires 70,234 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Sound Income Strategies LLC increased its holdings in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 965,296 shares of the investment management company’s stock after buying an additional 70,234 shares during the quarter. Sound Income Strategies LLC’s holdings in WhiteHorse Finance were worth $9,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in shares of WhiteHorse Finance by 12.6% in the third quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock valued at $2,232,000 after buying an additional 21,616 shares during the period. Marshall Wace LLP bought a new stake in WhiteHorse Finance during the 2nd quarter worth approximately $647,000. Tidal Investments LLC increased its position in WhiteHorse Finance by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after acquiring an additional 3,330 shares during the period. Blue Trust Inc. raised its stake in shares of WhiteHorse Finance by 15.2% during the third quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock valued at $466,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of WhiteHorse Finance during the second quarter worth $357,000. Institutional investors own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

WHF has been the subject of a number of recent research reports. StockNews.com downgraded WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. Finally, Oppenheimer downgraded WhiteHorse Finance from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $14.00 to $12.00 in a research report on Monday, November 11th.

WhiteHorse Finance Trading Up 0.2 %

WHF opened at $10.06 on Friday. WhiteHorse Finance, Inc. has a twelve month low of $9.45 and a twelve month high of $13.44. The company has a fifty day moving average of $10.20 and a 200-day moving average of $11.23. The stock has a market cap of $233.79 million, a PE ratio of 22.36 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $22.85 million for the quarter, compared to analyst estimates of $23.07 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. During the same quarter in the previous year, the business posted $0.46 earnings per share. On average, sell-side analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were paid a $0.385 dividend. The ex-dividend date was Friday, December 20th. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. This represents a yield of 13.9%. WhiteHorse Finance’s payout ratio is 342.23%.

WhiteHorse Finance Company 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.