Marshall Wace LLP Sells 35,020 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Marshall Wace LLP cut its position in WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) by 45.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,514 shares of the investment management company's stock after selling 35,020 shares during the quarter. Marshall Wace LLP owned about 0.18% of WhiteHorse Finance worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in WHF. Raymond James Financial Inc. purchased a new stake in shares of WhiteHorse Finance during the 4th quarter valued at $407,000. Trexquant Investment LP boosted its stake in WhiteHorse Finance by 33.0% in the fourth quarter. Trexquant Investment LP now owns 40,518 shares of the investment management company's stock worth $392,000 after buying an additional 10,047 shares in the last quarter. LPL Financial LLC boosted its stake in WhiteHorse Finance by 10.9% in the fourth 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. Virtu Financial LLC bought a new position in WhiteHorse Finance during the fourth quarter valued at approximately $253,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of WhiteHorse Finance by 23.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company's stock worth $188,000 after acquiring an additional 3,683 shares in the last quarter. Hedge funds and other institutional investors own 13.20% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director John Bolduc acquired 22,360 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was bought at an average cost of $8.94 per share, for a total transaction of $199,898.40. Following the acquisition, the director now directly owns 237,885 shares in the company, valued at approximately $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 company insiders.

WhiteHorse Finance Trading Up 0.2 %

Shares of NASDAQ:WHF traded up $0.02 during midday trading on Friday, hitting $9.33. 11,641 shares of the stock traded hands, compared to its average volume of 92,848. 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 business's 50 day moving average is $9.63 and its two-hundred day moving average is $10.25. The stock has a market capitalization of $216.86 million, a PE ratio of 20.73 and a beta of 0.84. WhiteHorse Finance, Inc. has a one year low of $8.44 and a one year high of $13.44.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The business had revenue of $21.01 million during the quarter, compared to analysts' expectations of $22.43 million. During the same quarter last year, the business posted $0.46 EPS. As a group, research analysts forecast that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 16.51%. The ex-dividend date was Friday, March 21st. WhiteHorse Finance's dividend payout ratio (DPR) is presently 327.66%.

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.