Axa lifted its position in shares of WhiteHorse Finance Inc (NASDAQ:WHF) by 161.6% in the 4th quarter, HoldingsChannel reports. The fund owned 33,217 shares of the investment management company’s stock after buying an additional 20,517 shares during the quarter. Axa’s holdings in WhiteHorse Finance were worth $446,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in WHF. Macquarie Group Ltd. bought a new stake in shares of WhiteHorse Finance during the third quarter valued at approximately $539,000. Susquehanna International Group LLP bought a new stake in shares of WhiteHorse Finance during the third quarter valued at approximately $174,000. Eqis Capital Management Inc. bought a new stake in shares of WhiteHorse Finance during the fourth quarter valued at approximately $138,000. BlackRock Inc. increased its position in shares of WhiteHorse Finance by 18.3% during the fourth quarter. BlackRock Inc. now owns 57,216 shares of the investment management company’s stock valued at $768,000 after acquiring an additional 8,848 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of WhiteHorse Finance by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after acquiring an additional 5,664 shares in the last quarter. 8.83% of the stock is owned by institutional investors.
WHF has been the subject of several analyst reports. Ladenburg Thalmann Financial Services raised shares of WhiteHorse Finance from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Monday, March 5th. Oppenheimer initiated coverage on shares of WhiteHorse Finance in a report on Thursday, November 30th. They issued a “buy” rating and a $15.00 target price on the stock. BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Saturday, March 10th. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a report on Monday, March 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.63.
Shares of WhiteHorse Finance Inc (WHF) opened at $12.80 on Monday. WhiteHorse Finance Inc has a fifty-two week low of $10.92 and a fifty-two week high of $15.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.78 and a quick ratio of 2.78. The stock has a market cap of $262.81, a P/E ratio of 7.19 and a beta of 0.80.
WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Friday, March 2nd. The investment management company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. WhiteHorse Finance had a net margin of 62.86% and a return on equity of 9.46%. The company had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $12.59 million. analysts expect that WhiteHorse Finance Inc will post 1.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 26th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 11.09%. The ex-dividend date is Friday, March 23rd. WhiteHorse Finance’s dividend payout ratio is currently 79.78%.
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WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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