WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Sold by Basso Capital Management L.P.

Basso Capital Management L.P. decreased its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,138 shares of the investment management company’s stock after selling 2,000 shares during the quarter. WhiteHorse Finance makes up 1.0% of Basso Capital Management L.P.’s holdings, making the stock its 18th largest position. Basso Capital Management L.P. owned about 0.52% of WhiteHorse Finance worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in WhiteHorse Finance by 23.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company’s stock worth $188,000 after buying an additional 3,683 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of WhiteHorse Finance by 2.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,839 shares of the investment management company’s stock worth $589,000 after acquiring an additional 1,486 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of WhiteHorse Finance during the 4th quarter worth about $735,000. Raymond James Financial Inc. acquired a new stake in shares of WhiteHorse Finance during the 4th quarter valued at about $407,000. Finally, Blue Trust Inc. increased its stake in shares of WhiteHorse Finance by 43.3% in the 4th 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. 13.20% of the stock is owned by institutional investors and hedge funds.

WhiteHorse Finance Trading Up 1.8 %

Shares of WhiteHorse Finance stock opened at $9.91 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. WhiteHorse Finance, Inc. has a twelve month low of $9.45 and a twelve month high of $13.44. The firm has a market capitalization of $230.34 million, a PE ratio of 22.02 and a beta of 1.25. The firm’s 50-day moving average price is $10.36 and its 200 day moving average price is $10.87.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. The firm had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $22.43 million. During the same quarter last year, the business earned $0.46 EPS. On average, sell-side analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 15.54%. The ex-dividend date of this dividend is Friday, March 21st. WhiteHorse Finance’s payout ratio is 327.66%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their target price on WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating on the stock 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.