WhiteHorse Finance (NASDAQ:WHF) Director Acquires $59,736.80 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 8,390 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of $7.12 per share, for a total transaction of $59,736.80. Following the completion of the purchase, the director directly owned 284,617 shares of the company’s stock, valued at approximately $2,026,473.04. This represents a 3.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, March 12th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.14 per share, with a total value of $59,904.60.
• On Friday, March 6th, John Bolduc acquired 8,276 shares of WhiteHorse Finance stock. The stock was acquired at an average cost of $7.25 per share, with a total value of $60,001.00.
• On Thursday, March 5th, John Bolduc bought 8,392 shares of WhiteHorse Finance stock. The shares were acquired at an average cost 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 stock was acquired at an average price of $7.00 per share, for a total transaction 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 cost of $6.99 per share, with a total value of $62,728.26.

WhiteHorse Finance Price Performance

WhiteHorse Finance stock remained flat at $7.07 during mid-day trading on Monday. 93,003 shares of the company’s stock traded hands, compared to its average volume of 143,625. The business has a 50 day moving average of $6.79 and a 200 day moving average of $7.18. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.25. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $10.48. The stock has a market cap of $157.17 million, a PE ratio of 11.40 and a beta of 0.56.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data on Monday, March 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $17.34 million for the quarter, compared to analysts’ expectations of $16.91 million. WhiteHorse Finance had a return on equity of 9.66% and a net margin of 19.73%. On average, equities research analysts expect that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 14.1%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 161.29%.

Institutional Trading of WhiteHorse Finance

A number of institutional investors have recently modified their holdings of the company. HRT Financial LP grew its stake in shares of WhiteHorse Finance by 16.5% in the fourth quarter. HRT Financial LP now owns 19,922 shares of the investment management company’s stock worth $138,000 after purchasing an additional 2,815 shares during the last quarter. Advisory Services Network LLC purchased a new position in WhiteHorse Finance during the 3rd quarter valued at about $26,000. Osaic Holdings Inc. raised its position in WhiteHorse Finance by 43.7% during the 4th quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock valued at $130,000 after purchasing an additional 5,665 shares during the last quarter. Kestra Advisory Services LLC bought a new position in WhiteHorse Finance during the 4th quarter valued at approximately $44,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in WhiteHorse Finance by 35.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 24,457 shares of the investment management company’s stock worth $169,000 after buying an additional 6,460 shares during the period. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on WHF shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, January 21st. Zacks Research upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target 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.