Connor Clark & Lunn Investment Management Ltd. Sells 12,118 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 17.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,353 shares of the investment management company’s stock after selling 12,118 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in WhiteHorse Finance were worth $687,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of WhiteHorse Finance by 1,057.0% during the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after buying an additional 2,114 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in WhiteHorse Finance by 19.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 3,013 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in WhiteHorse Finance by 48.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock valued at $270,000 after purchasing an additional 7,195 shares in the last quarter. Squarepoint Ops LLC bought a new position in WhiteHorse Finance in the 2nd quarter valued at $357,000. Finally, Sanders Morris Harris LLC boosted its stake in WhiteHorse Finance by 3.1% in the second quarter. Sanders Morris Harris LLC now owns 32,244 shares of the investment management company’s stock worth $396,000 after purchasing an additional 956 shares in the last quarter. 13.20% of the stock is currently owned by institutional investors.

WhiteHorse Finance Stock Performance

Shares of NASDAQ:WHF opened at $10.57 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. WhiteHorse Finance, Inc. has a 1-year low of $10.35 and a 1-year high of $13.44. The stock has a market capitalization of $245.65 million, a P/E ratio of 23.49 and a beta of 1.28. The business has a 50-day moving average price of $11.37 and a two-hundred day moving average price of $11.97.

WhiteHorse Finance Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a $0.385 dividend. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. This represents a yield of 13.9%. The ex-dividend date of this dividend is Friday, December 20th. WhiteHorse Finance’s dividend payout ratio is currently 342.23%.

Analysts Set New Price Targets

WHF has been the subject of a number of research analyst reports. Raymond James reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th. Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $14.00 to $12.00 in a research report on Monday, November 11th. Finally, StockNews.com cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, WhiteHorse Finance currently has a consensus rating of “Hold” and an average price target of $12.25.

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.