John Bolduc Buys 8,390 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 8,390 shares of the stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $7.12 per share, for a total transaction of $59,736.80. Following the completion of the purchase, the director directly owned 284,617 shares in the company, valued at $2,026,473.04. The trade was a 3.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 12th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The stock was purchased at an average cost of $7.14 per share, for a total transaction of $59,904.60.
• On Friday, March 6th, John Bolduc bought 8,276 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.25 per share, with a total value of $60,001.00.
• On Thursday, March 5th, John Bolduc bought 8,392 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.12 per share, with a total value of $59,751.04.
• On Tuesday, December 23rd, John Bolduc purchased 14,200 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $7.00 per share, with a total value 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 cost of $6.99 per share, for a total transaction of $62,728.26.

WhiteHorse Finance Price Performance

NASDAQ:WHF opened at $7.31 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average price is $6.80 and its two-hundred day moving average price is $7.17. The firm has a market capitalization of $162.50 million, a price-to-earnings ratio of 11.79 and a beta of 0.56. WhiteHorse Finance, Inc. has a 12-month low of $6.07 and a 12-month high of $10.48.

WhiteHorse Finance (NASDAQ:WHF) last released 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 return on equity of 9.66% and a net margin of 19.73%.The company had revenue of $17.34 million during the quarter, compared to analysts’ expectations of $16.91 million. On average, analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.00 annualized dividend and a yield of 13.7%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 161.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, January 21st. Zacks Research upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $7.75.

Hedge Funds Weigh In On WhiteHorse Finance

A number of large investors have recently made changes to their positions in WHF. Advisory Services Network LLC acquired a new stake in WhiteHorse Finance during the 3rd quarter worth approximately $26,000. Kestra Advisory Services LLC bought a new stake in WhiteHorse Finance in the 4th quarter valued at $44,000. HUB Investment Partners LLC acquired a new position in WhiteHorse Finance in the 3rd quarter valued at $75,000. Norden Group LLC acquired a new position in WhiteHorse Finance in the 4th quarter valued at $76,000. Finally, O Shaughnessy Asset Management LLC bought a new position in WhiteHorse Finance during the 4th quarter worth $88,000. Institutional investors own 13.20% of the company’s stock.

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.