WhiteHorse Finance (NASDAQ:WHF) CEO Stuart Aronson Buys 15,000 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson purchased 15,000 shares of the stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $6.41 per share, with a total value of $96,150.00. Following the transaction, the chief executive officer directly owned 127,000 shares in the company, valued at $814,070. The trade was a 13.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

WhiteHorse Finance Trading Down 0.2%

WHF opened at $6.36 on Wednesday. The business has a 50 day simple moving average of $7.19 and a two-hundred day simple moving average of $7.07. The firm has a market capitalization of $137.44 million, a price-to-earnings ratio of 15.51 and a beta of 0.37. 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, Inc. has a one year low of $6.07 and a one year high of $9.66.

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

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.7%. WhiteHorse Finance’s dividend payout ratio is 243.90%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $7.75.

Institutional Trading of WhiteHorse Finance

Several hedge funds and other institutional investors have recently made changes to their positions in WHF. Advisory Services Network LLC purchased a new stake in shares of WhiteHorse Finance in the 3rd quarter worth approximately $26,000. Kestra Advisory Services LLC purchased a new stake in shares of WhiteHorse Finance in the 4th quarter worth approximately $44,000. HUB Investment Partners LLC purchased a new stake in shares of WhiteHorse Finance in the 3rd quarter worth approximately $75,000. Norden Group LLC purchased a new stake in shares of WhiteHorse Finance in the 4th quarter worth approximately $76,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of WhiteHorse Finance in the 4th quarter worth approximately $88,000. Hedge funds and other 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.