WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Acquires 8,392 Shares

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 8,392 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $7.12 per share, with a total value of $59,751.04. Following the completion of the transaction, the director directly owned 267,894 shares in the company, valued at $1,907,405.28. This trade represents a 3.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, March 6th, John Bolduc bought 8,276 shares of WhiteHorse Finance stock. The stock was bought at an average price of $7.25 per share, for a total transaction of $60,001.00.
• On Tuesday, December 23rd, John Bolduc bought 14,200 shares of WhiteHorse Finance stock. The stock was bought at an average cost 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 shares were bought at an average price of $6.99 per share, with a total value of $62,728.26.

WhiteHorse Finance Price Performance

Shares of NASDAQ WHF opened at $7.42 on Tuesday. 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 stock has a fifty day moving average price of $6.77 and a 200 day moving average price of $7.23. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $10.48. The company has a market cap of $172.44 million, a PE ratio of 11.97 and a beta of 0.56.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Monday, March 2nd. The investment management company reported $0.29 earnings per share 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 analyst estimates of $16.91 million. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.54%. Sell-side analysts forecast 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. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance’s payout ratio is 161.29%.

Institutional Investors Weigh In On WhiteHorse Finance

Several institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in shares of WhiteHorse Finance during the 4th quarter worth $207,000. Quadrature Capital Ltd acquired a new stake in shares of WhiteHorse Finance in the fourth quarter valued at about $339,000. CastleKnight Management LP purchased a new stake in WhiteHorse Finance during the fourth quarter worth about $2,033,000. Trexquant Investment LP purchased a new stake in WhiteHorse Finance during the fourth quarter worth about $108,000. Finally, Osaic Holdings Inc. grew its position in WhiteHorse Finance by 43.7% during 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 period. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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