Ethos Financial Group LLC Invests $1.93 Million in WhiteHorse Finance, Inc. $WHF

Key Points

• Ethos Financial Group LLC acquired 200,057 shares of WhiteHorse Finance, Inc. (NASDAQ:WHF), valued at approximately $1.93 million, representing about 0.86% ownership in the company.
• WhiteHorse Finance recently posted quarterly earnings of $0.28 per share, falling short of analysts' expectations of $0.31, with a revenue of $18.84 million against an expected $19.33 million.
• The company declared a quarterly dividend of $0.385 per share, yielding an annualized amount of $1.54 or 18.2%, with an exceptionally high payout ratio of 1,026.67%.

Ethos Financial Group LLC acquired a new stake in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,057 shares of the investment management company's stock, valued at approximately $1,931,000. Ethos Financial Group LLC owned about 0.86% of WhiteHorse Finance at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WHF. Tower Research Capital LLC TRC bought a new stake in shares of WhiteHorse Finance during the 4th quarter valued at about $39,000. Snowden Capital Advisors LLC bought a new stake in WhiteHorse Finance in the 4th quarter worth about $101,000. LPL Financial LLC increased its holdings in WhiteHorse Finance by 10.9% in the 4th quarter. LPL Financial LLC now owns 15,182 shares of the investment management company's stock worth $147,000 after buying an additional 1,495 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of WhiteHorse Finance during the 4th quarter valued at about $154,000. Finally, Northern Trust Corp grew its stake in shares of WhiteHorse Finance by 42.4% during the 4th quarter. Northern Trust Corp now owns 19,570 shares of the investment management company's stock valued at $189,000 after purchasing an additional 5,828 shares during the period. Institutional investors own 13.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. LADENBURG THALM/SH SH raised WhiteHorse Finance to a "hold" rating in a report on Friday, August 8th. B. Riley dropped their price objective on shares of WhiteHorse Finance from $9.50 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 13th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $10.00.

WhiteHorse Finance Price Performance

NASDAQ WHF remained flat at $8.51 during trading on Friday. 58,771 shares of the company's stock were exchanged, compared to its average volume of 84,316. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $197.77 million, a price-to-earnings ratio of 56.74 and a beta of 0.82. The company has a 50-day simple moving average of $8.81 and a 200 day simple moving average of $9.41. WhiteHorse Finance, Inc. has a 1-year low of $8.36 and a 1-year high of $12.42.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted its earnings results on Thursday, August 7th. The investment management company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The business had revenue of $18.84 million for the quarter, compared to analysts' expectations of $19.33 million. WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.72%. Research analysts expect that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 18.1%. The ex-dividend date of this dividend is Friday, September 19th. WhiteHorse Finance's dividend payout ratio is presently 1,026.67%.

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.