WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,548 shares of the investment management company’s stock after selling 16,707 shares during the quarter. Atria Wealth Solutions Inc. owned approximately 0.25% of WhiteHorse Finance worth $747,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC grew its position in shares of WhiteHorse Finance by 6.3% in the 4th quarter. Sound Income Strategies LLC now owns 753,932 shares of the investment management company’s stock worth $9,273,000 after acquiring an additional 44,420 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of WhiteHorse Finance by 8.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 280,450 shares of the investment management company’s stock worth $3,581,000 after purchasing an additional 20,882 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of WhiteHorse Finance by 32.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,434 shares of the investment management company’s stock worth $989,000 after purchasing an additional 18,885 shares during the last quarter. Toroso Investments LLC boosted its position in WhiteHorse Finance by 6.4% during the 3rd quarter. Toroso Investments LLC now owns 60,582 shares of the investment management company’s stock valued at $774,000 after purchasing an additional 3,668 shares during the period. Finally, Virtus ETF Advisers LLC boosted its holdings in shares of WhiteHorse Finance by 74.2% during the third quarter. Virtus ETF Advisers LLC now owns 57,966 shares of the investment management company’s stock valued at $740,000 after acquiring an additional 24,681 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price target on WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Friday, March 1st. Finally, B. Riley cut shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price objective on the stock. in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.81.

WhiteHorse Finance Stock Down 1.8 %

Shares of WHF stock opened at $12.79 on Friday. WhiteHorse Finance, Inc. has a 1 year low of $11.13 and a 1 year high of $13.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.36 and a current ratio of 1.36. The business’s fifty day moving average is $12.55 and its 200-day moving average is $12.48. The stock has a market cap of $297.24 million, a PE ratio of 14.53 and a beta of 1.25.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The business had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. Equities analysts expect that WhiteHorse Finance, Inc. will post 1.81 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 22nd were issued a $0.385 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 12.04%. WhiteHorse Finance’s payout ratio is currently 175.00%.

About WhiteHorse Finance

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.