Millennium Management LLC Raises Stake in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Millennium Management LLC increased its position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) by 172.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,981 shares of the investment management company's stock after buying an additional 82,263 shares during the period. Millennium Management LLC owned about 0.56% of WhiteHorse Finance worth $1,258,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. purchased a new position in shares of WhiteHorse Finance during the fourth quarter valued at $154,000. Bank of America Corp DE increased its stake in shares of WhiteHorse Finance by 26.5% during the fourth quarter. Bank of America Corp DE now owns 41,301 shares of the investment management company's stock valued at $400,000 after buying an additional 8,651 shares during the period. Jane Street Group LLC purchased a new position in shares of WhiteHorse Finance during the fourth quarter valued at $241,000. Schonfeld Strategic Advisors LLC increased its stake in shares of WhiteHorse Finance by 208.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 37,300 shares of the investment management company's stock valued at $361,000 after buying an additional 25,200 shares during the period. Finally, Northern Trust Corp increased its stake in shares of WhiteHorse Finance by 42.4% during the fourth quarter. Northern Trust Corp now owns 19,570 shares of the investment management company's stock valued at $189,000 after buying an additional 5,828 shares during the period. Hedge funds and other institutional investors own 13.20% of the company's stock.

WhiteHorse Finance Stock Up 0.2%

WHF traded up $0.02 on Friday, hitting $9.01. The company had a trading volume of 46,765 shares, compared to its average volume of 90,478. The stock has a fifty day moving average price of $9.26 and a 200-day moving average price of $9.91. WhiteHorse Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $13.28. 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 stock has a market capitalization of $209.42 million, a price-to-earnings ratio of 20.02 and a beta of 0.80.

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

WhiteHorse Finance Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling at WhiteHorse Finance

In other WhiteHorse Finance news, Director John Bolduc purchased 22,360 shares of the stock in a transaction on 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 completion of the acquisition, the director now owns 237,885 shares in the company, valued at $2,126,691.90. The trade was a 10.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by insiders.

About WhiteHorse Finance

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.