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

Basso Capital Management L.P. cut its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 1.6% in the fourth quarter, according to its most recent 13F filing 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 comprises approximately 1.0% of Basso Capital Management L.P.’s investment portfolio, making the stock its 18th biggest position. Basso Capital Management L.P.’s holdings in WhiteHorse Finance were worth $1,163,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Advisors Asset Management Inc. increased its holdings in shares of WhiteHorse Finance by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock worth $2,232,000 after buying an additional 21,616 shares during the last quarter. Tidal Investments LLC grew its position in WhiteHorse Finance by 7.4% in the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock worth $559,000 after acquiring an additional 3,330 shares during the period. Sound Income Strategies LLC increased its stake in 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 worth $9,344,000 after acquiring an additional 70,234 shares during the last quarter. Blue Trust Inc. raised its position in WhiteHorse Finance by 23.7% in the fourth quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company’s stock valued at $455,000 after purchasing an additional 9,000 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of WhiteHorse Finance in the 4th quarter valued at $407,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Stock Up 1.8 %

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

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $22.43 million. During the same period in the previous year, the firm posted $0.46 earnings per share. Research analysts expect that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Announces Dividend

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating on the stock in a 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.