WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Buys 8,276 Shares

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 8,276 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $7.25 per share, for a total transaction of $60,001.00. Following the transaction, the director owned 272,032 shares in the company, valued at $1,972,232. This represents a 3.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, March 5th, John Bolduc acquired 8,392 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.12 per share, with a total value of $59,751.04.
• On Tuesday, December 23rd, John Bolduc acquired 14,200 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.00 per share, with a total value of $99,400.00.
• On Wednesday, December 24th, John Bolduc acquired 8,974 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $6.99 per share, with a total value of $62,728.26.

WhiteHorse Finance Price Performance

WHF stock opened at $7.42 on Tuesday. The firm has a market capitalization of $172.44 million, a PE ratio of 11.97 and a beta of 0.56. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.22. WhiteHorse Finance, Inc. has a twelve month low of $6.07 and a twelve month high of $10.48. The stock’s 50 day moving average is $6.77 and its 200-day moving average is $7.23.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Monday, March 2nd. The investment management company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $17.34 million during the quarter, compared to analyst estimates of $16.91 million. WhiteHorse Finance had a return on equity of 9.54% and a net margin of 19.73%. Sell-side analysts expect that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Thursday, March 12th will be issued a $0.25 dividend. The ex-dividend date is Thursday, March 12th. This represents a $1.00 annualized dividend and a dividend yield of 13.5%. WhiteHorse Finance’s dividend payout ratio is currently 161.29%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WHF. Weiss Ratings restated a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, January 21st. Zacks Research raised shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research 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 company’s stock. Based on data from MarketBeat, WhiteHorse Finance has an average rating of “Reduce” and a consensus target price of $7.75.

Institutional Investors Weigh In On WhiteHorse Finance

Large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of WhiteHorse Finance during the 3rd quarter worth $26,000. Kestra Advisory Services LLC purchased a new stake in WhiteHorse Finance during the fourth quarter worth about $44,000. HUB Investment Partners LLC purchased a new stake in WhiteHorse Finance during the third quarter worth about $75,000. Norden Group LLC bought a new stake in WhiteHorse Finance in the fourth quarter worth about $76,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in WhiteHorse Finance in the fourth quarter worth about $88,000. 13.20% of the stock is owned by hedge funds and other institutional investors.

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.