Millennium Management LLC Grows Position in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Millennium Management LLC lifted its position in WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) by 172.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,981 shares of the investment management company's stock after purchasing an additional 82,263 shares during the quarter. Millennium Management LLC owned approximately 0.56% of WhiteHorse Finance worth $1,258,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance purchased a new stake in WhiteHorse Finance in the fourth quarter valued at approximately $735,000. Tower Research Capital LLC TRC acquired a new position in shares of WhiteHorse Finance in the 4th quarter valued at $39,000. Raymond James Financial Inc. purchased a new stake in WhiteHorse Finance in the 4th quarter valued at $407,000. Virtu Financial LLC acquired a new stake in WhiteHorse Finance during the 4th quarter worth $253,000. Finally, Jane Street Group LLC purchased a new position in WhiteHorse Finance during the 4th quarter worth $241,000. Hedge funds and other institutional investors own 13.20% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating on the stock in a report on Monday, March 10th.

Insider Buying and Selling at WhiteHorse Finance

In other news, Director John Bolduc purchased 22,360 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average price of $8.94 per share, with a total value of $199,898.40. Following the purchase, the director now directly owns 237,885 shares of the company's stock, valued at $2,126,691.90. This represents a 10.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.

WhiteHorse Finance Stock Performance

NASDAQ WHF traded up $0.02 during trading hours on Friday, hitting $9.01. 46,765 shares of the stock were exchanged, compared to its average volume of 91,186. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19. The company has a market cap of $209.42 million, a price-to-earnings ratio of 20.02 and a beta of 0.80. WhiteHorse Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $13.28. The stock has a 50-day moving average of $9.27 and a 200 day moving average of $9.93.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last issued its earnings results on Monday, May 12th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $18.80 million for the quarter, compared to analysts' expectations of $19.98 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. As a group, equities research analysts forecast that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th will be given a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 17.09%. The ex-dividend date is Wednesday, June 18th. WhiteHorse Finance's payout ratio is 394.87%.

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.