John Bolduc Purchases 8,276 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 8,276 shares of the business’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $7.25 per share, with a total value of $60,001.00. Following the completion of the acquisition, the director directly owned 272,032 shares in the company, valued at $1,972,232. The trade was a 3.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, March 5th, John Bolduc bought 8,392 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.12 per share, for a total transaction of $59,751.04.
• On Tuesday, December 23rd, John Bolduc bought 14,200 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $7.00 per share, with a total value of $99,400.00.
• On Wednesday, December 24th, John Bolduc purchased 8,974 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $6.99 per share, for a total transaction of $62,728.26.

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF remained flat at $7.42 on Monday. The stock had a trading volume of 175,551 shares, compared to its average volume of 124,228. The stock has a market cap of $172.44 million, a PE ratio of 11.97 and a beta of 0.56. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a fifty day simple moving average of $6.77 and a 200 day simple moving average of $7.23. WhiteHorse Finance, Inc. has a one year low of $6.07 and a one year high of $10.48.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. WhiteHorse Finance had a return on equity of 9.54% and a net margin of 19.73%.The company had revenue of $17.34 million for the quarter, compared to analyst estimates of $16.91 million. As a group, analysts expect that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Thursday, March 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance’s dividend payout ratio is 161.29%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WHF. Zacks Research raised WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.75.

Institutional Trading of WhiteHorse Finance

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

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.