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

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 7,140 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of $6.76 per share, with a total value of $48,266.40. Following the completion of the acquisition, the director directly owned 295,327 shares in the company, valued at $1,996,410.52. The trade was a 2.48% increase in their ownership of the stock. The purchase was disclosed in a 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 shares were 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 stock was bought at an average price of $7.12 per share, with a total value of $59,736.80.
• On Thursday, March 12th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The stock was acquired 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 acquired at an average cost of $7.25 per share, for a total transaction of $60,001.00.
• On Thursday, March 5th, John Bolduc acquired 8,392 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $7.12 per share, for a total transaction of $59,751.04.

WhiteHorse Finance Stock Performance

WHF traded down $0.01 during midday trading on Friday, hitting $6.69. 106,407 shares of the company traded hands, compared to its average volume of 113,402. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $144.57 million, a PE ratio of 16.32 and a beta of 0.41. The company’s 50-day moving average is $7.34 and its 200 day moving average is $7.10. WhiteHorse Finance, Inc. has a 52 week low of $6.07 and a 52 week high of $9.66.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data 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). WhiteHorse Finance had a return on equity of 9.47% and a net margin of 13.46%.The business had revenue of $15.90 million during the quarter, compared to the consensus estimate of $16.35 million. On average, research analysts expect that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 14.9%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 243.90%.

Institutional Trading of WhiteHorse Finance

A number of institutional investors have recently modified their holdings of WHF. Advisory Services Network LLC bought a new stake in shares of WhiteHorse Finance in the 3rd quarter valued at about $26,000. Kestra Advisory Services LLC acquired a new position in WhiteHorse Finance in the 4th quarter worth approximately $44,000. HUB Investment Partners LLC acquired a new position in WhiteHorse Finance in the 3rd quarter worth approximately $75,000. Norden Group LLC acquired a new position in WhiteHorse Finance in the 4th quarter worth approximately $76,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in WhiteHorse Finance in the 4th quarter worth approximately $88,000. 13.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, WhiteHorse Finance has an average 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.