WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Purchases 8,390 Shares

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 8,390 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $7.14 per share, for a total transaction of $59,904.60. Following the acquisition, the director owned 276,227 shares of the company’s stock, valued at $1,972,260.78. The trade was a 3.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 16th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $7.12 per share, with a total value of $59,736.80.
• On Friday, March 6th, John Bolduc bought 8,276 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $7.25 per share, for a total transaction 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 price 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 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 acquired at an average price of $6.99 per share, with a total value of $62,728.26.

WhiteHorse Finance Stock Performance

Shares of WHF remained flat at $7.07 on Monday. 93,003 shares of the company were exchanged, compared to its average volume of 143,625. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $157.17 million, a PE ratio of 11.40 and a beta of 0.56. The stock’s 50 day simple moving average is $6.79 and its 200 day simple moving average is $7.18. WhiteHorse Finance, Inc. has a twelve month low of $6.07 and a twelve month high of $10.48.

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. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.66%. The firm had revenue of $17.34 million for the quarter, compared to analysts’ expectations of $16.91 million. Equities research analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Thursday, March 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 14.1%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 161.29%.

Institutional Investors Weigh In On WhiteHorse Finance

Several hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new position in shares of WhiteHorse Finance in the 4th quarter valued at $88,000. Kestra Advisory Services LLC acquired a new stake in WhiteHorse Finance during the 4th quarter worth $44,000. Advisory Services Network LLC acquired a new stake in WhiteHorse Finance during the 3rd quarter worth $26,000. Lalia Capital LLC bought a new position in WhiteHorse Finance during the fourth quarter worth about $4,628,000. Finally, Closed End Fund Advisors Inc. bought a new position in WhiteHorse Finance during the fourth quarter worth about $286,000. 13.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WHF has been the subject of a number of recent analyst reports. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings restated a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock 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.