Gables Capital Management Inc. Decreases Position in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Gables Capital Management Inc. lessened its holdings in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 83,106 shares of the investment management company’s stock after selling 5,900 shares during the quarter. Gables Capital Management Inc.’s holdings in WhiteHorse Finance were worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Independent Advisor Alliance purchased a new stake in shares of WhiteHorse Finance during the 4th quarter worth $735,000. Sound Income Strategies LLC lifted its position in shares of WhiteHorse Finance by 7.8% during the 4th quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company’s stock worth $9,344,000 after purchasing an additional 70,234 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of WhiteHorse Finance during the 4th quarter worth $407,000. Advisors Asset Management Inc. lifted its position in shares of WhiteHorse Finance by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock worth $2,232,000 after purchasing an additional 21,616 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of WhiteHorse Finance by 43.3% during the 4th quarter. Blue Trust Inc. now owns 54,454 shares of the investment management company’s stock worth $527,000 after purchasing an additional 16,454 shares during the last quarter. Hedge funds and other institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF opened at $10.00 on Tuesday. The company’s fifty day moving average price is $10.36 and its 200 day moving average price is $10.92. WhiteHorse Finance, Inc. has a 12 month low of $9.45 and a 12 month 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 firm has a market capitalization of $232.43 million, a P/E ratio of 22.22 and a beta of 1.25.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data 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). The business had revenue of $21.01 million during the quarter, compared to analyst estimates 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 firm posted $0.46 earnings per share. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.385 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.54 dividend on an annualized basis and a yield of 15.40%. WhiteHorse Finance’s dividend payout ratio is presently 327.66%.

Wall Street Analyst Weigh In

WHF has been the topic of several research analyst reports. Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $14.00 to $12.00 in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating on the stock in a research note on Monday.

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.