Two Sigma Investments LP lifted its holdings in WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,790 shares of the investment management company's stock after buying an additional 34,570 shares during the quarter. Two Sigma Investments LP owned approximately 0.91% of WhiteHorse Finance worth $2,050,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Two Sigma Advisers LP grew its position in WhiteHorse Finance by 8.5% during the 4th quarter. Two Sigma Advisers LP now owns 319,652 shares of the investment management company's stock valued at $3,094,000 after purchasing an additional 25,000 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of WhiteHorse Finance by 172.4% during the 4th quarter. Millennium Management LLC now owns 129,981 shares of the investment management company's stock valued at $1,258,000 after acquiring an additional 82,263 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of WhiteHorse Finance during the 4th quarter valued at about $735,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 valued at $589,000 after acquiring an additional 1,486 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of WhiteHorse Finance by 43.3% in the fourth quarter. Blue Trust Inc. now owns 54,454 shares of the investment management company's stock worth $527,000 after buying an additional 16,454 shares during the last quarter. 13.20% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director John Bolduc acquired 22,360 shares of WhiteHorse Finance stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average price of $8.94 per share, for a total transaction of $199,898.40. Following the completion of the transaction, the director now directly owns 237,885 shares in the company, valued at approximately $2,126,691.90. This represents a 10.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company's stock.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. dropped 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.
Check Out Our Latest Report on WHF
WhiteHorse Finance Stock Performance
Shares of WHF traded down $0.06 on Thursday, reaching $8.99. The company's stock had a trading volume of 49,634 shares, compared to its average volume of 91,364. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $208.95 million, a P/E ratio of 19.98 and a beta of 0.84. The stock's 50 day simple moving average is $9.28 and its two-hundred day simple moving average is $9.94. WhiteHorse Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $13.28.
WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its earnings results on Monday, May 12th. The investment management company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The firm had revenue of $18.80 million for the quarter, compared to the consensus estimate of $19.98 million. Research analysts forecast that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.
WhiteHorse Finance Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th will be given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 17.13%. The ex-dividend date is Wednesday, June 18th. WhiteHorse Finance's payout ratio is currently 394.87%.
WhiteHorse Finance Profile
(
Free Report)
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.
See Also
Before you consider WhiteHorse Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WhiteHorse Finance wasn't on the list.
While WhiteHorse Finance currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
