Stuart Aronson Buys 8,000 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson acquired 8,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average price of $6.95 per share, with a total value of $55,600.00. Following the completion of the transaction, the chief executive officer owned 80,000 shares of the company’s stock, valued at approximately $556,000. This trade represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

WhiteHorse Finance Stock Performance

WhiteHorse Finance stock opened at $7.26 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.25. WhiteHorse Finance, Inc. has a 1 year low of $6.07 and a 1 year high of $9.95. The company has a market cap of $161.39 million, a PE ratio of 11.71 and a beta of 0.56. The company’s 50-day moving average is $6.83 and its two-hundred day moving average is $7.12.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Monday, March 2nd. The investment management company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $17.34 million during the quarter, compared to analysts’ expectations of $16.91 million. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.66%. Equities analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend is Thursday, March 12th. WhiteHorse Finance’s payout ratio is currently 161.29%.

Hedge Funds Weigh In On WhiteHorse Finance

Several institutional investors have recently modified their holdings of WHF. Lalia Capital LLC acquired a new position in shares of WhiteHorse Finance in the 4th quarter valued at approximately $4,628,000. CastleKnight Management LP bought a new position in WhiteHorse Finance in the fourth quarter valued at approximately $2,033,000. Jane Street Group LLC bought a new position in WhiteHorse Finance in the fourth quarter valued at approximately $929,000. Bank of America Corp DE boosted its holdings in shares of WhiteHorse Finance by 92.0% in the second quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock valued at $1,613,000 after buying an additional 88,659 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of WhiteHorse Finance by 27.5% in the third quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock valued at $1,599,000 after buying an additional 49,893 shares during the period. Institutional investors own 13.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WHF shares. Weiss Ratings reissued a “sell (d+)” rating on shares of WhiteHorse Finance in a research note on Wednesday, January 21st. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, WhiteHorse Finance presently has an average rating of “Reduce” and an average price target of $7.75.

About WhiteHorse Finance

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.