WhiteHorse Finance (NASDAQ:WHF) Director Buys $49,266.00 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc bought 7,140 shares of the stock in a transaction on Wednesday, May 27th. The shares were acquired at an average cost of $6.90 per share, with a total value of $49,266.00. Following the acquisition, the director directly owned 288,187 shares in the company, valued at approximately $1,988,490.30. This trade represents a 2.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, May 29th, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $6.76 per share, with a total value of $48,266.40.
• On Monday, March 16th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $7.12 per share, with a total value of $59,736.80.
• On Thursday, March 12th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $7.14 per share, with a total value of $59,904.60.
• On Friday, March 6th, John Bolduc bought 8,276 shares of WhiteHorse Finance stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of $7.12 per share, with a total value of $59,751.04.

WhiteHorse Finance Trading Down 0.1%

Shares of NASDAQ WHF traded down $0.01 during midday trading on Friday, reaching $6.69. 106,407 shares of the stock were exchanged, compared to its average volume of 113,402. The business has a 50-day simple moving average of $7.34 and a two-hundred day simple moving average of $7.10. The company has a market capitalization of $144.57 million, a price-to-earnings ratio of 16.32 and a beta of 0.41. WhiteHorse Finance, Inc. has a 12 month low of $6.07 and a 12 month high of $9.66. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.23 and a quick ratio of 2.23.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The firm had revenue of $15.90 million for the quarter, compared to the consensus estimate of $16.35 million. WhiteHorse Finance had a return on equity of 9.47% and a net margin of 13.46%. As a group, equities research analysts expect that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 243.90%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $7.75.

Institutional Investors Weigh In On WhiteHorse Finance

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in WhiteHorse Finance in the 3rd quarter valued at $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 bought a new stake in WhiteHorse Finance in the 3rd quarter valued at $75,000. Norden Group LLC bought a new stake in WhiteHorse Finance in the 4th quarter valued at $76,000. Finally, Oxford Asset Management LLP bought a new stake in WhiteHorse Finance in the 2nd quarter valued at $105,000. 13.20% of the stock is owned by institutional investors.

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.