WhiteHorse Finance (NASDAQ:WHF) Director Purchases $48,266.40 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc bought 7,140 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $6.76 per share, for a total transaction of $48,266.40. Following the purchase, the director owned 295,327 shares in the company, valued at approximately $1,996,410.52. This represents a 2.48% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

John Bolduc also recently made the following trade(s):

• On Wednesday, May 27th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $6.90 per share, with a total value of $49,266.00.
• On Monday, March 16th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The shares were purchased at an average price of $7.12 per share, for a total transaction of $59,736.80.
• On Thursday, March 12th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $7.14 per share, for a total transaction of $59,904.60.
• On Friday, March 6th, John Bolduc bought 8,276 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.25 per share, with a total value of $60,001.00.
• On Thursday, March 5th, John Bolduc purchased 8,392 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.12 per share, with a total value of $59,751.04.

WhiteHorse Finance Stock Performance

WHF stock opened at $6.69 on Monday. The firm has a market cap of $144.57 million, a P/E ratio of 16.32 and a beta of 0.37. The stock’s 50 day simple moving average is $7.33 and its 200 day simple moving average is $7.10. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.30. WhiteHorse Finance, Inc. has a 12-month low of $6.07 and a 12-month high of $9.66.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The business had revenue of $15.90 million for the quarter, compared to the consensus estimate of $16.35 million. WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. As a group, equities research analysts predict that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 14.9%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 243.90%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $7.75.

Institutional Trading of WhiteHorse Finance

A number of large investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in WhiteHorse Finance in the 3rd quarter valued at about $26,000. Kestra Advisory Services LLC bought a new position in WhiteHorse Finance in the 4th quarter worth about $44,000. HUB Investment Partners LLC bought a new position in WhiteHorse Finance in the 3rd quarter worth about $75,000. Norden Group LLC acquired a new stake in shares of WhiteHorse Finance in the fourth quarter valued at approximately $76,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of WhiteHorse Finance in the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

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.