Insider Buying: WhiteHorse Finance (NASDAQ:WHF) Director Buys $99,816.20 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 15,380 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $6.49 per share, with a total value of $99,816.20. Following the completion of the purchase, the director directly owned 317,297 shares in the company, valued at $2,059,257.53. This represents a 5.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, June 5th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $6.76 per share, with a total value of $48,266.40.
• On Monday, June 1st, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The stock was purchased at an average cost of $6.88 per share, for a total transaction of $49,123.20.
• On Friday, May 29th, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The stock was purchased at an average cost of $6.76 per share, for a total transaction of $48,266.40.
• 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.

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF traded up $0.04 during midday trading on Thursday, hitting $6.45. 68,471 shares of the stock were exchanged, compared to its average volume of 106,402. The stock has a market cap of $139.38 million, a P/E ratio of 15.73 and a beta of 0.37. 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 twelve month low of $6.07 and a twelve month high of $9.28. The company has a 50 day moving average price of $7.15 and a 200-day moving average price of $7.06.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Thursday, May 7th. The investment management company reported $0.26 EPS 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 analysts’ expectations of $16.35 million. On average, research analysts forecast that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, May 21st will be given a $0.25 dividend. The ex-dividend date is Thursday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 15.5%. WhiteHorse Finance’s dividend payout ratio is currently 243.90%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WHF. Lalia Capital LLC acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth about $4,628,000. GatePass Capital LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter valued at approximately $133,000. Closed End Fund Advisors Inc. purchased a new position in shares of WhiteHorse Finance during the fourth quarter valued at approximately $286,000. Advisory Services Network LLC purchased a new position in shares of WhiteHorse Finance during the third quarter valued at approximately $26,000. Finally, Kestra Advisory Services LLC acquired a new stake in WhiteHorse Finance during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $7.75.

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.