Tidal Investments LLC Boosts Stock Holdings in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Tidal Investments LLC raised its holdings in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,350 shares of the investment management company’s stock after purchasing an additional 3,330 shares during the quarter. Tidal Investments LLC’s holdings in WhiteHorse Finance were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WHF. International Assets Investment Management LLC boosted its stake in shares of WhiteHorse Finance by 1,057.0% in the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock valued at $27,000 after buying an additional 2,114 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in WhiteHorse Finance by 48.6% in the second quarter. Commonwealth Equity Services LLC now owns 21,986 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 7,195 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of WhiteHorse Finance during the 2nd quarter worth $357,000. Blue Trust Inc. grew its stake in shares of WhiteHorse Finance by 15.2% during the 3rd quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company’s stock worth $466,000 after purchasing an additional 5,000 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of WhiteHorse Finance in the 2nd quarter valued at about $647,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Stock Performance

WhiteHorse Finance stock opened at $9.93 on Monday. The company has a market capitalization of $230.80 million, a price-to-earnings ratio of 22.07 and a beta of 1.24. The stock has a fifty day moving average of $11.04 and a two-hundred day moving average of $11.67. WhiteHorse Finance, Inc. has a fifty-two week low of $9.93 and a fifty-two week high of $13.44. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.98 and a current ratio of 0.98.

WhiteHorse Finance Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.385 dividend. This represents a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from WhiteHorse Finance’s previous — dividend of $0.05. WhiteHorse Finance’s payout ratio is currently 342.22%.

Analysts Set New Price Targets

WHF has been the topic of a number of research analyst reports. StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Oppenheimer lowered WhiteHorse Finance from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $14.00 to $12.00 in a research note on Monday, November 11th. Finally, Raymond James reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.25.

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.