Joyson Thomas Buys 3,000 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CFO Joyson Thomas purchased 3,000 shares of WhiteHorse Finance stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $6.62 per share, for a total transaction of $19,860.00. Following the completion of the transaction, the chief financial officer owned 25,001 shares of the company’s stock, valued at approximately $165,506.62. This represents a 13.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

WhiteHorse Finance Stock Performance

Shares of NASDAQ WHF traded up $0.04 during mid-day trading on Tuesday, hitting $6.62. The stock had a trading volume of 104,847 shares, compared to its average volume of 97,082. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. The company has a 50 day moving average of $7.36 and a two-hundred day moving average of $7.11. WhiteHorse Finance, Inc. has a twelve month low of $6.07 and a twelve month high of $9.66. The firm has a market cap of $143.06 million, a PE ratio of 16.15 and a beta of 0.41.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results 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 firm had revenue of $15.90 million during the quarter, compared to analyst estimates of $16.35 million. Research analysts predict that WhiteHorse Finance, Inc. will post 1.03 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, May 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 15.1%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio is presently 243.90%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WHF. Marshall Wace LLP acquired a new position in shares of WhiteHorse Finance during the 2nd quarter worth about $368,000. Bank of America Corp DE raised its position in shares of WhiteHorse Finance by 92.0% during the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock worth $1,613,000 after purchasing an additional 88,659 shares during the last quarter. Oxford Asset Management LLP acquired a new position in shares of WhiteHorse Finance during the 2nd quarter worth about $105,000. HUB Investment Partners LLC acquired a new position in shares of WhiteHorse Finance during the 3rd quarter worth about $75,000. Finally, Two Sigma Investments LP raised its position in shares of WhiteHorse Finance by 27.5% during the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock worth $1,599,000 after purchasing an additional 49,893 shares during the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price 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.