WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Buys 14,200 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc bought 14,200 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of $6.88 per share, with a total value of $97,696.00. Following the completion of the transaction, the director owned 251,985 shares of the company’s stock, valued at $1,733,656.80. This represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, November 13th, John Bolduc purchased 14,100 shares of WhiteHorse Finance stock. The shares were bought at an average price of $6.90 per share, with a total value of $97,290.00.

WhiteHorse Finance Stock Up 4.3%

Shares of WhiteHorse Finance stock traded up $0.29 on Friday, hitting $7.04. The company had a trading volume of 142,990 shares, compared to its average volume of 102,248. WhiteHorse Finance, Inc. has a 1 year low of $6.39 and a 1 year high of $11.31. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day moving average of $7.36 and a 200-day moving average of $8.38. The stock has a market capitalization of $163.63 million, a price-to-earnings ratio of 46.94 and a beta of 0.79.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Monday, November 10th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). WhiteHorse Finance had a return on equity of 10.72% and a net margin of 4.36%.The company had revenue of $17.69 million for the quarter, compared to the consensus estimate of $18.43 million. As a group, sell-side analysts forecast that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 22nd will be issued a $0.25 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.00 annualized dividend and a dividend yield of 14.2%. WhiteHorse Finance’s dividend payout ratio is currently 232.56%.

Analyst Ratings Changes

Several research analysts recently weighed in on WHF shares. B. Riley cut their price target on shares of WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, October 8th. Zacks Research lowered WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Finally, LADENBURG THALM/SH SH upgraded WhiteHorse Finance to a “hold” rating in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Sell” and a consensus price target of $7.75.

Institutional Trading of WhiteHorse Finance

A number of large investors have recently bought and sold shares of WHF. Two Sigma Investments LP raised its stake in shares of WhiteHorse Finance by 27.5% in the third quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock valued at $1,599,000 after buying an additional 49,893 shares during the period. Ethos Financial Group LLC increased its holdings in WhiteHorse Finance by 8.2% in the 3rd quarter. Ethos Financial Group LLC now owns 222,454 shares of the investment management company’s stock worth $1,539,000 after acquiring an additional 16,781 shares during the last quarter. Bank of America Corp DE increased its holdings in WhiteHorse Finance by 92.0% in the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock worth $1,613,000 after acquiring an additional 88,659 shares during the last quarter. Legal & General Group Plc raised its stake in WhiteHorse Finance by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company’s stock valued at $1,368,000 after acquiring an additional 6,560 shares during the period. Finally, Blue Trust Inc. lifted its holdings in WhiteHorse Finance by 11.9% during the third quarter. Blue Trust Inc. now owns 75,437 shares of the investment management company’s stock valued at $522,000 after purchasing an additional 8,000 shares during the last quarter. 13.20% of the stock is owned by hedge funds and other institutional investors.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.