WhiteHorse Finance Inc (NASDAQ:WHF) CEO Stuart D. Aronson acquired 2,000 shares of the stock in a transaction on Wednesday, March 7th. The shares were acquired at an average price of $12.58 per share, for a total transaction of $25,160.00. Following the acquisition, the chief executive officer now owns 12,000 shares of the company’s stock, valued at approximately $150,960. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of WhiteHorse Finance Inc (WHF) traded up $0.37 during mid-day trading on Monday, hitting $13.15. 57,130 shares of the stock traded hands, compared to its average volume of 65,958. The stock has a market capitalization of $270.00, a P/E ratio of 7.39 and a beta of 0.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.02 and a current ratio of 3.02. WhiteHorse Finance Inc has a 52 week low of $10.92 and a 52 week high of $15.05.
WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Friday, March 2nd. The investment management company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $13.92 million during the quarter, compared to the consensus estimate of $12.59 million. WhiteHorse Finance had a net margin of 62.86% and a return on equity of 9.57%. equities research analysts predict that WhiteHorse Finance Inc will post 1.38 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. purchased a new stake in shares of WhiteHorse Finance in the fourth quarter valued at about $138,000. Susquehanna International Group LLP purchased a new stake in shares of WhiteHorse Finance in the third quarter valued at about $174,000. JPMorgan Chase & Co. raised its holdings in shares of WhiteHorse Finance by 39.7% in the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock valued at $295,000 after purchasing an additional 5,664 shares during the last quarter. AXA raised its holdings in shares of WhiteHorse Finance by 161.6% in the fourth quarter. AXA now owns 33,217 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 20,517 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of WhiteHorse Finance in the third quarter valued at about $539,000. Institutional investors own 8.75% of the company’s stock.
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About WhiteHorse Finance
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive 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 3 to 6 years.
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