Raymond James Financial Inc. Acquires New Holdings in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Raymond James Financial Inc. bought a new position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) during the 4th quarter, Holdings Channel reports. The institutional investor bought 42,025 shares of the investment management company’s stock, valued at approximately $407,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC grew its holdings in shares of WhiteHorse Finance by 7.8% during the fourth quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company’s stock worth $9,344,000 after buying an additional 70,234 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of WhiteHorse Finance by 43.3% in the fourth quarter. Blue Trust Inc. now owns 54,454 shares of the investment management company’s stock valued at $527,000 after purchasing an additional 16,454 shares during the last quarter. Finally, Tidal Investments LLC lifted its position 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 purchasing an additional 3,330 shares in the last quarter. Institutional investors own 13.20% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their target price 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 Trading Down 1.5 %

Shares of WhiteHorse Finance stock opened at $8.67 on Wednesday. The stock has a market cap of $201.52 million, a P/E ratio of 19.27 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19. WhiteHorse Finance, Inc. has a 12-month low of $8.58 and a 12-month high of $13.44. The business’s 50 day moving average is $10.19 and its 200-day moving average is $10.58.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Friday, March 7th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. The firm had revenue of $21.01 million during the quarter, compared to analyst estimates of $22.43 million. During the same quarter in the prior year, the business earned $0.46 EPS. Equities research analysts predict that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 17.76%. The ex-dividend date of this dividend was Friday, March 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 327.66%.

WhiteHorse Finance Company 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.