Orinda Asset Management adds WhiteHorse Finance Inc (WHF) to its portfolio

WhiteHorse Finance Inc (WHF) : Orinda Asset Management added new position in WhiteHorse Finance Inc during the most recent quarter end. The investment management firm now holds 63,098 shares of WhiteHorse Finance Inc which is valued at $719,948 , the company said in a statement filed on Aug 3, 2016 with the SEC.WhiteHorse Finance Inc makes up approximately 0.77% of Orinda Asset Management’s portfolio.

Other Hedge Funds, Including , Muzinich reduced its stake in WHF by selling 12,642 shares or 16.13% in the most recent quarter. The Hedge Fund company now holds 65,733 shares of WHF which is valued at $761,188. WhiteHorse Finance Inc makes up approx 0.33% of Muzinich’s portfolio.

WhiteHorse Finance Inc opened for trading at $11.58 and hit $12.72 on the upside on Monday, eventually ending the session at $12.07, with a gain of 4.14% or 0.4801 points. The heightened volatility saw the trading volume jump to 87,505 shares. Company has a market cap of $221 M.

Many Wall Street Analysts have commented on WhiteHorse Finance Inc. Robert W. Baird Downgraded WhiteHorse Finance Inc on Aug 9, 2016 to ” Neutral”, Price Target of the shares are set at $12.

WhiteHorse Finance Inc. (WhiteHorse Finance) is an externally managed non-diversified closed-end management investment company that has elected to be treated as a business development company. The Company is also elected to be treated as a regulated investment company or RIC. The Company is a direct lender targeting debt investments in privately held small-cap companies located in the United States. Its investment objective is to generate risk-adjusted returns primarily by originating and investing in senior secured loans including first lien and second lien facilities to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of three to six years. The Company’s investment portfolio consists primarily of senior secured loans across 37 positions in 31 companies. Its investment activities are managed by its investment adviser WhiteHorse Advisers LLC.

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