Lalia Capital LLC Takes $4.63 Million Position in WhiteHorse Finance, Inc. $WHF

Lalia Capital LLC acquired a new stake in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 665,873 shares of the investment management company’s stock, valued at approximately $4,628,000. WhiteHorse Finance comprises 3.6% of Lalia Capital LLC’s holdings, making the stock its 7th largest holding. Lalia Capital LLC owned 2.86% of WhiteHorse Finance as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WHF. Advisory Services Network LLC bought a new stake in shares of WhiteHorse Finance during the third quarter valued at approximately $26,000. HUB Investment Partners LLC bought a new stake in shares of WhiteHorse Finance during the third quarter valued at approximately $75,000. Norden Group LLC bought a new stake in shares of WhiteHorse Finance during the fourth quarter valued at approximately $76,000. Oxford Asset Management LLP purchased a new position in shares of WhiteHorse Finance in the second quarter valued at $105,000. Finally, GatePass Capital LLC purchased a new position in shares of WhiteHorse Finance in the fourth quarter valued at $133,000. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Price Performance

WHF stock opened at $6.66 on Friday. WhiteHorse Finance, Inc. has a 52 week low of $6.07 and a 52 week high of $9.66. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $7.29 and a two-hundred day simple moving average of $7.10. 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 (NASDAQ:WHF) last released its quarterly earnings data on Thursday, May 7th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The business had revenue of $15.90 million for the quarter, compared to the consensus estimate of $16.35 million. Analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 21st. This represents a $1.00 annualized dividend and a yield of 15.0%. WhiteHorse Finance’s dividend payout ratio (DPR) is 243.90%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $7.75.

Insider Buying and Selling at WhiteHorse Finance

In other news, CEO Stuart D. Aronson acquired 20,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of $6.67 per share, with a total value of $133,400.00. Following the completion of the purchase, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at $667,000. This represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Bolduc acquired 8,390 shares of the company’s stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of $7.12 per share, with a total value of $59,736.80. Following the completion of the purchase, the director directly owned 284,617 shares of the company’s stock, valued at $2,026,473.04. This trade represents a 3.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 95,340 shares of company stock valued at $649,523 in the last quarter. 2.50% of the stock is owned by company insiders.

WhiteHorse Finance Company 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.