Lalia Capital LLC acquired a new position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 665,873 shares of the investment management company’s stock, valued at approximately $4,628,000. WhiteHorse Finance makes up 3.6% of Lalia Capital LLC’s holdings, making the stock its 7th biggest position.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in WhiteHorse Finance during the third quarter worth $26,000. CANADA LIFE ASSURANCE Co boosted its stake in WhiteHorse Finance by 35.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 24,457 shares of the investment management company’s stock worth $169,000 after buying an additional 6,460 shares during the period. HUB Investment Partners LLC purchased a new position in WhiteHorse Finance during the third quarter worth $75,000. Norden Group LLC purchased a new stake in shares of WhiteHorse Finance during the fourth quarter valued at $76,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at $105,000. 13.20% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other WhiteHorse Finance news, CEO Stuart D. Aronson acquired 12,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $6.39 per share, with a total value of $76,680.00. Following the completion of the purchase, the chief executive officer directly owned 112,000 shares in the company, valued at $715,680. The trade was a 12.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Bolduc acquired 7,140 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $6.76 per share, with a total value of $48,266.40. Following the completion of the purchase, the director owned 309,607 shares of the company’s stock, valued at $2,092,943.32. This trade represents a 2.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 95,340 shares of company stock valued at $649,523 over the last three months. Insiders own 2.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on WHF
WhiteHorse Finance Stock Down 1.9%
Shares of WHF opened at $6.66 on Friday. The firm has a market capitalization of $143.92 million, a P/E ratio of 16.24 and a beta of 0.37. WhiteHorse Finance, Inc. has a 12-month low of $6.07 and a 12-month high of $9.66. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average price of $7.29 and a 200-day moving average price of $7.10.
WhiteHorse Finance (NASDAQ:WHF – Get Free Report) last issued its earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The company had revenue of $15.90 million for the quarter, compared to analysts’ expectations of $16.35 million. WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. Equities research analysts expect that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.
WhiteHorse Finance Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s payout ratio is currently 243.90%.
WhiteHorse Finance Profile
WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.
The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.
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