WhiteHorse Finance (NASDAQ:WHF) Director Purchases $59,736.80 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 8,390 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was purchased at an average price of $7.12 per share, for a total transaction of $59,736.80. Following the transaction, the director directly owned 284,617 shares of the company’s stock, valued at approximately $2,026,473.04. This trade represents a 3.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 12th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The shares were purchased at an average price 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 stock was acquired at an average cost 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 stock was acquired at an average cost of $7.12 per share, for a total transaction 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, 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 cost of $6.99 per share, with a total value of $62,728.26.

WhiteHorse Finance Trading Down 0.1%

WHF opened at $7.30 on Thursday. WhiteHorse Finance, Inc. has a one year low of $6.07 and a one year high of $10.48. 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 business has a 50 day simple moving average of $6.81 and a two-hundred day simple moving average of $7.18. The firm has a market capitalization of $162.28 million, a price-to-earnings ratio of 11.77 and a beta of 0.56.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Monday, March 2nd. The investment management company reported $0.29 earnings per share for the quarter, topping 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 firm had revenue of $17.34 million for the quarter, compared to analyst estimates of $16.91 million. Analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors 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 yield of 13.7%. WhiteHorse Finance’s payout ratio is 161.29%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of WhiteHorse Finance by 4.4% during the second quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company’s stock valued at $1,368,000 after purchasing an additional 6,560 shares in the last quarter. Marshall Wace LLP bought a new position in WhiteHorse Finance in the second quarter worth $368,000. Bank of America Corp DE raised its holdings in WhiteHorse Finance by 92.0% in the second quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock worth $1,613,000 after purchasing an additional 88,659 shares in the last quarter. Oxford Asset Management LLP purchased a new position in WhiteHorse Finance during the second quarter valued at $105,000. Finally, Blue Trust Inc. lifted its position in WhiteHorse Finance by 11.9% during the third quarter. Blue Trust Inc. now owns 75,437 shares of the investment management company’s stock valued at $522,000 after buying an additional 8,000 shares during the period. Institutional investors own 13.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.