WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) by 45.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,514 shares of the investment management company's stock after selling 35,020 shares during the quarter. Marshall Wace LLP owned 0.18% of WhiteHorse Finance worth $402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC grew 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 purchasing an additional 1,495 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of WhiteHorse Finance by 23.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,418 shares of the investment management company's stock worth $188,000 after buying an additional 3,683 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of WhiteHorse Finance during the fourth quarter valued at $253,000. Trexquant Investment LP raised its holdings in shares of WhiteHorse Finance by 33.0% in the fourth quarter. Trexquant Investment LP now owns 40,518 shares of the investment management company's stock valued at $392,000 after acquiring an additional 10,047 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in WhiteHorse Finance in the fourth quarter worth about $407,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

WhiteHorse Finance Stock Down 0.4 %

Shares of NASDAQ WHF traded down $0.04 during mid-day trading on Tuesday, reaching $9.43. 36,788 shares of the company were exchanged, compared to its average volume of 93,719. The firm has a 50-day moving average of $9.74 and a 200 day moving average of $10.28. WhiteHorse Finance, Inc. has a 1 year low of $8.44 and a 1 year high of $13.44. 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 stock has a market cap of $219.18 million, a price-to-earnings ratio of 20.96 and a beta of 1.02.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $22.43 million. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, research analysts expect 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 was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.54 annualized dividend and a dividend yield of 16.33%. WhiteHorse Finance's dividend payout ratio is presently 327.66%.

Insider Transactions at WhiteHorse Finance

In related news, Director John Bolduc acquired 22,360 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average cost of $8.94 per share, with a total value of $199,898.40. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

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 report on Monday, March 10th.

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.