11,373 Shares in WhiteHorse Finance, Inc. (NASDAQ:WHF) Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new stake in WhiteHorse Finance, Inc. (NASDAQ:WHFFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,373 shares of the investment management company’s stock, valued at approximately $145,000.

Several other large investors have also bought and sold shares of WHF. Raymond James & Associates lifted its position in shares of WhiteHorse Finance by 14.0% in the 1st quarter. Raymond James & Associates now owns 103,865 shares of the investment management company’s stock worth $1,566,000 after purchasing an additional 12,738 shares during the period. Great West Life Assurance Co. Can lifted its holdings in WhiteHorse Finance by 17.9% in the first quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock valued at $99,000 after buying an additional 937 shares during the period. Royal Bank of Canada boosted its position in WhiteHorse Finance by 10.1% during the first quarter. Royal Bank of Canada now owns 10,885 shares of the investment management company’s stock valued at $164,000 after acquiring an additional 998 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in WhiteHorse Finance by 4.4% during the 1st quarter. Advisors Asset Management Inc. now owns 287,517 shares of the investment management company’s stock worth $4,336,000 after acquiring an additional 12,055 shares during the period. Finally, Toroso Investments LLC raised its position in shares of WhiteHorse Finance by 41.2% in the 1st quarter. Toroso Investments LLC now owns 44,785 shares of the investment management company’s stock worth $675,000 after acquiring an additional 13,062 shares in the last quarter. 12.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WHF has been the topic of several recent analyst reports. StockNews.com raised WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Thursday, February 1st. TheStreet raised shares of WhiteHorse Finance from a “c” rating to a “b-” rating in a research note on Tuesday, November 21st. B. Riley downgraded shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price target for the company. in a research note on Monday, January 8th. Finally, Raymond James dropped their price objective on shares of WhiteHorse Finance from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.44.

Check Out Our Latest Report on WhiteHorse Finance

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF opened at $12.61 on Friday. The company has a 50-day moving average price of $12.55 and a two-hundred day moving average price of $12.61. WhiteHorse Finance, Inc. has a twelve month low of $11.13 and a twelve month high of $13.69. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $293.06 million, a PE ratio of 18.54 and a beta of 1.29.

WhiteHorse Finance (NASDAQ:WHFGet Free Report) last released its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $25.87 million for the quarter, compared to analyst estimates of $25.37 million. WhiteHorse Finance had a return on equity of 13.19% and a net margin of 15.23%. Equities analysts forecast that WhiteHorse Finance, Inc. will post 1.85 EPS for the current year.

WhiteHorse Finance Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WhiteHorse Finance (NASDAQ:WHF)

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