Lalia Capital LLC Makes New $4.78 Million Investment in WhiteHorse Finance, Inc. $WHF

Lalia Capital LLC acquired a new position in WhiteHorse Finance, Inc. (NASDAQ:WHF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 712,769 shares of the investment management company’s stock, valued at approximately $4,776,000. WhiteHorse Finance comprises 2.3% of Lalia Capital LLC’s investment portfolio, making the stock its 15th biggest holding. Lalia Capital LLC owned 3.32% of WhiteHorse Finance as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in WhiteHorse Finance during the third quarter worth $26,000. Kestra Advisory Services LLC bought a new position in WhiteHorse Finance during the 4th quarter valued at $44,000. O Shaughnessy Asset Management LLC bought a new position in WhiteHorse Finance during the 4th quarter valued at $88,000. Oxford Asset Management LLP purchased a new position in WhiteHorse Finance during the 2nd quarter worth $105,000. Finally, Trexquant Investment LP purchased a new position in WhiteHorse Finance during the 4th quarter worth $108,000. Institutional investors own 13.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of WhiteHorse Finance from $6.00 to $6.50 and gave the company an “underweight” rating in a research report on Wednesday. Weiss Ratings downgraded shares of WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Finally, B. Riley Financial increased their price objective on shares of WhiteHorse Finance from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $7.25.

WhiteHorse Finance Stock Up 2.0%

Shares of NASDAQ:WHF opened at $7.16 on Friday. The company has a market capitalization of $153.80 million, a PE ratio of 9.06 and a beta of 0.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day moving average price of $6.62 and a two-hundred day moving average price of $6.91. WhiteHorse Finance, Inc. has a 1 year low of $6.07 and a 1 year high of $8.97.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Monday, August 10th. The investment management company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The business had revenue of $15.29 million for the quarter, compared to the consensus estimate of $15.66 million. WhiteHorse Finance had a return on equity of 8.94% and a net margin of 26.88%. Analysts forecast that WhiteHorse Finance, Inc. will post 0.97 earnings per share for the current year.

WhiteHorse Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Monday, September 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.00 annualized dividend and a yield of 14.0%. WhiteHorse Finance’s payout ratio is currently 126.58%.

Insider Activity

In related news, Director John Bolduc purchased 15,380 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $6.49 per share, for a total transaction of $99,816.20. Following the purchase, the director directly owned 317,297 shares in the company, valued at approximately $2,059,257.53. This trade represents a 5.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stuart D. Aronson purchased 15,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $6.41 per share, with a total value of $96,150.00. Following the purchase, the chief executive officer owned 127,000 shares in the company, valued at $814,070. The trade was a 13.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 59,940 shares of company stock worth $397,628. Insiders own 3.80% of the company’s stock.

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.