Separately, Raymond James set a C$80.00 target price on West Fraser Timber and gave the company a strong-buy rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. WhiteHorse Finance currently has a consensus rating of Hold and a consensus price target of $14.63.
Shares of NASDAQ:WHF opened at $14.27 on Thursday. WhiteHorse Finance has a 1 year low of $11.89 and a 1 year high of $15.27. The stock has a market cap of $291.75 million, a price-to-earnings ratio of 9.51 and a beta of 0.61. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.56. The company’s 50 day simple moving average is $14.08.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Thursday, June 20th were issued a $0.355 dividend. The ex-dividend date was Wednesday, June 19th. This represents a $1.42 dividend on an annualized basis and a yield of 9.95%. WhiteHorse Finance’s payout ratio is currently 94.67%.
In other news, Director Kevin Francis Burke acquired 3,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were bought at an average price of $14.00 per share, for a total transaction of $42,000.00. Following the acquisition, the director now owns 7,530 shares of the company’s stock, valued at approximately $105,420. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Anthony Tamer sold 229,328 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $14.00, for a total value of $3,210,592.00. Following the completion of the transaction, the insider now owns 6,026 shares in the company, valued at approximately $84,364. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in WHF. Marshall Wace LLP acquired a new stake in shares of WhiteHorse Finance in the 1st quarter worth $1,241,000. Citigroup Inc. increased its stake in shares of WhiteHorse Finance by 164.4% in the 4th quarter. Citigroup Inc. now owns 4,760 shares of the investment management company’s stock worth $61,000 after acquiring an additional 2,960 shares during the last quarter. Legal & General Group Plc increased its stake in shares of WhiteHorse Finance by 12.0% in the 4th quarter. Legal & General Group Plc now owns 89,166 shares of the investment management company’s stock worth $1,139,000 after acquiring an additional 9,546 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of WhiteHorse Finance by 97.4% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,045 shares of the investment management company’s stock worth $881,000 after acquiring an additional 30,609 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of WhiteHorse Finance by 588.5% in the 4th quarter. Advisor Group Inc. now owns 13,164 shares of the investment management company’s stock worth $167,000 after acquiring an additional 11,252 shares during the last quarter. Institutional investors own 11.40% of the company’s stock.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
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