Insider Buying: WhiteHorse Finance (NASDAQ:WHF) Director Purchases $49,266.00 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 7,140 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of $6.90 per share, with a total value of $49,266.00. Following the transaction, the director directly owned 288,187 shares in the company, valued at $1,988,490.30. This trade represents a 2.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, May 29th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $6.76 per share, for a total transaction of $48,266.40.
• On Monday, March 16th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The stock was bought at an average price of $7.12 per share, for a total transaction of $59,736.80.
• On Thursday, March 12th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The stock was bought at an average price 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 bought at an average price of $7.25 per share, with a total value of $60,001.00.
• On Thursday, March 5th, John Bolduc bought 8,392 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.12 per share, with a total value of $59,751.04.

WhiteHorse Finance Price Performance

Shares of NASDAQ WHF opened at $6.69 on Monday. The stock’s 50-day moving average is $7.33 and its two-hundred day moving average is $7.10. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.23 and a quick ratio of 2.23. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $9.66. The company has a market cap of $144.57 million, a price-to-earnings ratio of 16.32 and a beta of 0.37.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data on Thursday, May 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The company had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $16.35 million. Analysts forecast that WhiteHorse Finance, Inc. will post 1.03 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. HRT Financial LP increased its holdings in shares of WhiteHorse Finance by 16.5% in the 4th quarter. HRT Financial LP now owns 19,922 shares of the investment management company’s stock valued at $138,000 after acquiring an additional 2,815 shares during the last quarter. Advisory Services Network LLC purchased a new stake in WhiteHorse Finance during the third quarter worth approximately $26,000. Osaic Holdings Inc. lifted its stake in WhiteHorse Finance by 43.7% during the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after purchasing an additional 5,665 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in WhiteHorse Finance in the fourth quarter valued at approximately $44,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in WhiteHorse Finance by 35.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 24,457 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 6,460 shares in the last quarter. 13.20% of the stock is owned by institutional investors and hedge funds.

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.