Morgan Stanley Has $1.43 Million Stake in WhiteHorse Finance Inc (WHF)

Morgan Stanley reduced its position in WhiteHorse Finance Inc (NASDAQ:WHF) by 6.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,991 shares of the investment management company’s stock after selling 6,913 shares during the quarter. Morgan Stanley’s holdings in WhiteHorse Finance were worth $1,431,000 at the end of the most recent quarter.

Separately, Resource America Inc. boosted its holdings in WhiteHorse Finance by 19.6% during the third quarter. Resource America Inc. now owns 301,636 shares of the investment management company’s stock valued at $4,193,000 after acquiring an additional 49,376 shares during the period. Institutional investors and hedge funds own 12.57% of the company’s stock.

NASDAQ WHF opened at $14.22 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.15 and a quick ratio of 1.15. WhiteHorse Finance Inc has a twelve month low of $11.89 and a twelve month high of $15.80. The stock has a market capitalization of $291.55 million, a P/E ratio of 9.48 and a beta of 0.72.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Tuesday, March 26th will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 9.99%. The ex-dividend date is Monday, March 25th. WhiteHorse Finance’s payout ratio is presently 94.67%.

Several equities research analysts recently weighed in on WHF shares. JPMorgan Chase & Co. cut shares of WhiteHorse Finance from a “neutral” rating to an “underweight” rating and set a $13.50 target price for the company. in a research note on Wednesday, January 16th. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, BidaskClub upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Thursday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.25.

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WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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

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