Connor Clark & Lunn Investment Management Ltd. Has $687,000 Stake in WhiteHorse Finance, Inc. (NASDAQ:WHF)

Connor Clark & Lunn Investment Management Ltd. reduced its stake in WhiteHorse Finance, Inc. (NASDAQ:WHF) by 17.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,353 shares of the investment management company’s stock after selling 12,118 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.26% of WhiteHorse Finance worth $687,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of WhiteHorse Finance by 1,057.0% in the third quarter. International Assets Investment Management LLC now owns 2,314 shares of the investment management company’s stock worth $27,000 after buying an additional 2,114 shares during the last quarter. Marshall Wace LLP acquired a new position in WhiteHorse Finance during the 2nd quarter worth $647,000. CANADA LIFE ASSURANCE Co boosted its holdings in WhiteHorse Finance by 19.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,292 shares of the investment management company’s stock valued at $227,000 after acquiring an additional 3,013 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of WhiteHorse Finance by 16.0% in the second quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company’s stock valued at $813,000 after purchasing an additional 8,866 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of WhiteHorse Finance in the second quarter worth about $357,000. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Stock Performance

WHF opened at $10.57 on Friday. The stock’s 50 day simple moving average is $11.37 and its 200-day simple moving average is $11.97. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The stock has a market cap of $245.65 million, a PE ratio of 23.49 and a beta of 1.28. WhiteHorse Finance, Inc. has a 1 year low of $10.35 and a 1 year high of $13.44.

WhiteHorse Finance Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a $0.385 dividend. This is a boost from WhiteHorse Finance’s previous — dividend of $0.05. The ex-dividend date of this dividend is Friday, December 20th. This represents a dividend yield of 13.9%. WhiteHorse Finance’s dividend payout ratio is currently 342.23%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WHF shares. Oppenheimer lowered WhiteHorse Finance from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $14.00 to $12.00 in a report on Monday, November 11th. StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Raymond James reiterated a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, WhiteHorse Finance currently has an average rating of “Hold” and an average target price of $12.25.

About WhiteHorse Finance

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.