WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Free Report) Director John Bolduc bought 7,140 shares of WhiteHorse Finance stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of $6.90 per share, for a total transaction of $49,266.00. Following the purchase, the director owned 288,187 shares in the company, valued at $1,988,490.30. This represents a 2.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
John Bolduc also recently made the following trade(s):
- On Friday, May 29th, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $6.76 per share, for a total transaction of $48,266.40.
- On Monday, March 16th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $7.12 per share, for a total transaction of $59,736.80.
- On Thursday, March 12th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The stock was bought 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 bought 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 bought at an average cost of $7.12 per share, for a total transaction of $59,751.04.
WhiteHorse Finance Price Performance
WHF stock opened at $6.69 on Friday. The stock’s 50 day moving average price is $7.33 and its 200 day moving average price is $7.10. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $144.57 million, a P/E ratio of 16.32 and a beta of 0.41. WhiteHorse Finance, Inc. has a 1 year low of $6.07 and a 1 year high of $9.66.
WhiteHorse Finance Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 21st. This represents a $1.00 annualized dividend and a yield of 14.9%. WhiteHorse Finance’s payout ratio is 243.90%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $7.75.
Get Our Latest Stock Report on WhiteHorse Finance
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Lalia Capital LLC acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth $4,628,000. CastleKnight Management LP acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth $2,033,000. Jane Street Group LLC acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth $929,000. Bank of America Corp DE increased its holdings in shares of WhiteHorse Finance by 92.0% during the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock worth $1,613,000 after buying an additional 88,659 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of WhiteHorse Finance by 27.5% during the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock worth $1,599,000 after buying an additional 49,893 shares during the last quarter. 13.20% of the stock is currently owned by institutional investors and hedge funds.
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.
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