Stuart Aronson Buys 20,000 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $6.67 per share, with a total value of $133,400.00. Following the completion of the purchase, the chief executive officer directly owned 100,000 shares in the company, valued at $667,000. The trade was a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

WhiteHorse Finance Price Performance

WHF opened at $6.80 on Thursday. The business’s 50-day moving average is $7.35 and its two-hundred day moving average is $7.11. WhiteHorse Finance, Inc. has a 1 year low of $6.07 and a 1 year high of $9.66. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market capitalization of $146.95 million, a PE ratio of 16.59 and a beta of 0.41.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results 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 net margin of 13.46% and a return on equity of 9.47%. The firm 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 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 14.7%. WhiteHorse Finance’s dividend payout ratio is presently 243.90%.

Hedge Funds Weigh In On WhiteHorse Finance

Several hedge funds have recently modified their holdings of WHF. XTX Topco Ltd purchased a new position in shares of WhiteHorse Finance in the 4th quarter valued at approximately $207,000. Quadrature Capital Ltd acquired a new position in WhiteHorse Finance during the 4th quarter valued at approximately $339,000. CastleKnight Management LP acquired a new position in WhiteHorse Finance during the 4th quarter valued at approximately $2,033,000. Trexquant Investment LP purchased a new position in shares of WhiteHorse Finance in the fourth quarter worth $108,000. Finally, Osaic Holdings Inc. raised its holdings in shares of WhiteHorse Finance by 43.7% in the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after buying an additional 5,665 shares during the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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