Stuart Aronson Acquires 12,000 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson bought 12,000 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $6.39 per share, with a total value of $76,680.00. Following the acquisition, the chief executive officer owned 112,000 shares of the company’s stock, valued at $715,680. This trade represents a 12.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

WhiteHorse Finance Stock Up 0.6%

WhiteHorse Finance stock traded up $0.04 during mid-day trading on Tuesday, reaching $6.62. 104,847 shares of the company were exchanged, compared to its average volume of 97,082. The business has a fifty day moving average of $7.36 and a 200 day moving average of $7.11. 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 firm has a market cap of $143.06 million, a P/E ratio of 16.15 and a beta of 0.41. WhiteHorse Finance, Inc. has a 12-month low of $6.07 and a 12-month high of $9.66.

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

WhiteHorse Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 15.1%. The ex-dividend date is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio is currently 243.90%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of WhiteHorse Finance

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in shares of WhiteHorse Finance during the 3rd quarter valued at $26,000. Kestra Advisory Services LLC purchased a new stake in shares of WhiteHorse Finance during the 4th quarter valued at $44,000. HUB Investment Partners LLC purchased a new position in WhiteHorse Finance in the 3rd quarter worth $75,000. Norden Group LLC purchased a new position in WhiteHorse Finance in the 4th quarter worth $76,000. Finally, Oxford Asset Management LLP purchased a new position in WhiteHorse Finance in the 2nd quarter worth $105,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

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.