Sound Income Strategies LLC Purchases 206,872 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF)

Sound Income Strategies LLC lifted its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) by 52.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 597,567 shares of the investment management company’s stock after buying an additional 206,872 shares during the period. WhiteHorse Finance makes up approximately 1.0% of Sound Income Strategies LLC’s investment portfolio, making the stock its 28th biggest position. Sound Income Strategies LLC owned about 2.57% of WhiteHorse Finance worth $7,798,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in shares of WhiteHorse Finance by 6.4% in the third quarter. Advisors Asset Management Inc. now owns 301,813 shares of the investment management company’s stock valued at $3,350,000 after buying an additional 18,109 shares during the period. Legal & General Group Plc boosted its stake in shares of WhiteHorse Finance by 10.5% in the second quarter. Legal & General Group Plc now owns 137,417 shares of the investment management company’s stock valued at $1,806,000 after buying an additional 13,018 shares during the period. Raymond James & Associates boosted its stake in shares of WhiteHorse Finance by 2.6% in the third quarter. Raymond James & Associates now owns 125,774 shares of the investment management company’s stock valued at $1,396,000 after buying an additional 3,146 shares during the period. LPL Financial LLC bought a new stake in shares of WhiteHorse Finance in the second quarter valued at approximately $785,000. Finally, Virtus ETF Advisers LLC boosted its stake in shares of WhiteHorse Finance by 8.2% in the second quarter. Virtus ETF Advisers LLC now owns 48,214 shares of the investment management company’s stock valued at $634,000 after buying an additional 3,657 shares during the period. 12.45% of the stock is currently owned by institutional investors.

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF traded down $0.26 during trading on Friday, hitting $12.55. 102,301 shares of the company were exchanged, compared to its average volume of 53,092. The business’s 50 day moving average is $13.24 and its 200-day moving average is $12.94. The company has a market capitalization of $291.70 million, a P/E ratio of 18.19 and a beta of 1.23. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. WhiteHorse Finance, Inc. has a 1-year low of $10.57 and a 1-year high of $15.50.

WhiteHorse Finance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 24th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, March 23rd. This is an increase from WhiteHorse Finance’s previous quarterly dividend of $0.36. This represents a $1.70 annualized dividend and a dividend yield of 13.55%. WhiteHorse Finance’s dividend payout ratio is 205.80%.

Insider Transactions at WhiteHorse Finance

In related news, Director John Bolduc purchased 7,800 shares of the stock in a transaction dated Wednesday, March 15th. The stock was bought at an average cost of $12.69 per share, for a total transaction of $98,982.00. Following the completion of the acquisition, the director now owns 189,867 shares of the company’s stock, valued at $2,409,412.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WHF shares. Oppenheimer cut their price target on WhiteHorse Finance from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 6th. StockNews.com started coverage on shares of WhiteHorse Finance in a research report on Thursday. They set a “hold” rating for the company. TheStreet downgraded shares of WhiteHorse Finance from a “b-” rating to a “c” rating in a research report on Thursday, December 1st. Finally, Raymond James lowered their price objective on shares of WhiteHorse Finance from $15.50 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.67.

WhiteHorse Finance Company Profile

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WhiteHorse Finance, Inc is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Our stock is publicly traded on the NASDAQ exchange under the ticker symbol ”WHF”. We have senior notes listed on the NASDAQ exchange under the ticker symbol “WHFBL“.