Sound Income Strategies LLC Purchases 70,234 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Sound Income Strategies LLC increased its position in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 965,296 shares of the investment management company’s stock after buying an additional 70,234 shares during the quarter. Sound Income Strategies LLC owned 4.15% of WhiteHorse Finance worth $9,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WHF. International Assets Investment Management LLC grew its holdings in shares of WhiteHorse Finance by 1,057.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 2,114 shares in the last quarter. Tidal Investments LLC boosted its position in WhiteHorse Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after purchasing an additional 3,330 shares during the last quarter. Blue Trust Inc. grew its stake in WhiteHorse Finance by 15.2% in the third quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock valued at $466,000 after purchasing an additional 5,000 shares in the last quarter. Advisors Asset Management Inc. increased 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, Squarepoint Ops LLC bought a new position in WhiteHorse Finance during the second quarter worth about $357,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Trading Up 0.2 %

Shares of WHF stock opened at $10.06 on Friday. WhiteHorse Finance, Inc. has a 12-month low of $9.45 and a 12-month high of $13.44. The company has a market capitalization of $233.79 million, a PE ratio of 22.36 and a beta of 1.25. The firm has a 50 day moving average price of $10.20 and a two-hundred day moving average price of $11.23. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The firm had revenue of $22.85 million for the quarter, compared to analyst estimates of $23.07 million. During the same period in the previous year, the business posted $0.46 earnings per share. As a group, analysts predict that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.385 per share. This represents a yield of 13.9%. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date of this dividend was Friday, December 20th. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 342.23%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WHF shares. Raymond James restated a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. StockNews.com cut WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Oppenheimer cut shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $14.00 to $12.00 in a research report on Monday, November 11th.

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.