Virtus ETF Advisers LLC Sells 27,747 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Virtus ETF Advisers LLC lessened its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,129 shares of the investment management company's stock after selling 27,747 shares during the quarter. Virtus ETF Advisers LLC owned about 0.21% of WhiteHorse Finance worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in shares of WhiteHorse Finance by 7.4% in the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company's stock worth $559,000 after acquiring an additional 3,330 shares during the last quarter. Sound Income Strategies LLC lifted its stake in WhiteHorse Finance by 7.8% in the 4th quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company's stock valued at $9,344,000 after purchasing an additional 70,234 shares during the last quarter. Blue Trust Inc. lifted its stake in WhiteHorse Finance by 23.7% in the 4th quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company's stock valued at $455,000 after purchasing an additional 9,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in WhiteHorse Finance in the fourth quarter valued at approximately $407,000. Finally, Independent Advisor Alliance bought a new stake in shares of WhiteHorse Finance during the fourth quarter worth $735,000. Institutional investors own 13.20% of the company's stock.

WhiteHorse Finance Trading Up 1.2 %

NASDAQ WHF traded up $0.11 during trading hours on Friday, reaching $9.66. The company's stock had a trading volume of 38,368 shares, compared to its average volume of 93,482. WhiteHorse Finance, Inc. has a 52 week low of $8.44 and a 52 week high of $13.44. 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 cap of $224.53 million, a P/E ratio of 21.47 and a beta of 1.02. The firm has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $10.33.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last issued 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). The business had revenue of $21.01 million during the quarter, compared to the consensus estimate of $22.43 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. During the same period in the prior year, the firm earned $0.46 EPS. Equities analysts forecast that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 15.94%. The ex-dividend date was Friday, March 21st. WhiteHorse Finance's dividend payout ratio is currently 327.66%.

Insider Buying and Selling at WhiteHorse Finance

In other news, Director John Bolduc bought 22,360 shares of WhiteHorse Finance stock in a transaction dated 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 purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating on the stock in a 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.