John Bolduc Buys 8,974 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 8,974 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was purchased at an average cost of $6.99 per share, for a total transaction of $62,728.26. Following the completion of the acquisition, the director directly owned 263,698 shares of the company’s stock, valued at approximately $1,843,249.02. This trade represents a 3.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, December 23rd, John Bolduc bought 14,200 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $7.00 per share, with a total value of $99,400.00.
• On Friday, November 14th, John Bolduc bought 14,200 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $6.88 per share, for a total transaction of $97,696.00.
• On Thursday, November 13th, John Bolduc purchased 14,100 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $6.90 per share, for a total transaction of $97,290.00.

WhiteHorse Finance Stock Performance

WHF opened at $6.97 on Wednesday. WhiteHorse Finance, Inc. has a 12-month low of $6.39 and a 12-month high of $11.31. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $161.98 million, a PE ratio of 16.21 and a beta of 0.56. The firm has a 50 day moving average of $7.20 and a two-hundred day moving average of $7.93.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Monday, November 10th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). WhiteHorse Finance had a net margin of 12.91% and a return on equity of 9.93%. The business had revenue of $17.69 million during the quarter, compared to analysts’ expectations of $18.43 million. On average, analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend is Monday, December 22nd. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 232.56%.

Hedge Funds Weigh In On WhiteHorse Finance

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in WhiteHorse Finance in the 3rd quarter worth about $26,000. CANADA LIFE ASSURANCE Co grew its holdings in WhiteHorse Finance by 35.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 24,457 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 6,460 shares during the period. Citadel Advisors LLC increased its position in shares of WhiteHorse Finance by 190.8% in the third quarter. Citadel Advisors LLC now owns 21,418 shares of the investment management company’s stock valued at $148,000 after buying an additional 45,018 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of WhiteHorse Finance by 27.5% during the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock worth $1,599,000 after buying an additional 49,893 shares during the period. Finally, HUB Investment Partners LLC purchased a new position in shares of WhiteHorse Finance during the 3rd quarter valued at approximately $75,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price objective on WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average 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.