Bard Associates Inc. Lowers Position in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Bard Associates Inc. decreased its stake in shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) by 22.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,270 shares of the investment management company’s stock after selling 7,200 shares during the quarter. Bard Associates Inc. owned about 0.11% of WhiteHorse Finance worth $257,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in WhiteHorse Finance by 43.3% during the fourth quarter. Blue Trust Inc. now owns 54,454 shares of the investment management company’s stock valued at $527,000 after buying an additional 16,454 shares during the last quarter. Sound Income Strategies LLC raised its stake in WhiteHorse Finance by 7.8% during the fourth quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company’s stock valued at $9,344,000 after buying an additional 70,234 shares during the last quarter. Tidal Investments LLC raised its stake in WhiteHorse Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock valued at $559,000 after buying an additional 3,330 shares during the last quarter. Advisors Asset Management Inc. raised its stake in WhiteHorse Finance by 12.6% during the third quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company’s stock valued at $2,232,000 after buying an additional 21,616 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in WhiteHorse Finance by 1,057.0% during 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 during the last quarter. Hedge funds and other institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Stock Down 2.5 %

WhiteHorse Finance stock opened at $11.01 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. WhiteHorse Finance, Inc. has a 12 month low of $9.45 and a 12 month high of $13.44. The firm has a market cap of $255.91 million, a price-to-earnings ratio of 24.47 and a beta of 1.25. The stock has a fifty day simple moving average of $10.28 and a two-hundred day simple moving average of $10.96.

Analyst Ratings Changes

A number of research firms have commented on WHF. StockNews.com lowered WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on WhiteHorse Finance from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Monday, February 3rd. Raymond James reissued a “market perform” rating on shares of WhiteHorse Finance in a report on Friday, November 8th. Finally, Oppenheimer lowered WhiteHorse Finance from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $14.00 to $12.00 in a report on Monday, November 11th.

WhiteHorse Finance 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.