WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Acquires 7,140 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc bought 7,140 shares of the business’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $6.76 per share, for a total transaction of $48,266.40. Following the purchase, the director directly owned 309,607 shares in the company, valued at approximately $2,092,943.32. This represents a 2.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 1st, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $6.88 per share, for a total transaction of $49,123.20.
• On Friday, May 29th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $6.76 per share, for a total transaction of $48,266.40.
• On Wednesday, May 27th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $6.90 per share, for a total transaction of $49,266.00.
• On Monday, March 16th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.12 per share, for a total transaction of $59,736.80.
• On Thursday, March 12th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.14 per share, for a total transaction of $59,904.60.

WhiteHorse Finance Stock Down 1.9%

WHF opened at $6.66 on Friday. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $9.66. The stock’s fifty day simple moving average is $7.29 and its 200 day simple moving average is $7.10. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.30. The stock has a market cap of $143.92 million, a PE ratio of 16.24 and a beta of 0.37.

WhiteHorse Finance (NASDAQ:WHF) last posted 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). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The business had revenue of $15.90 million during the quarter, compared to the consensus estimate of $16.35 million. As a group, research analysts expect that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 15.0%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio is currently 243.90%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, WhiteHorse Finance currently has a consensus rating of “Reduce” and an average price target of $7.75.

Institutional Trading of WhiteHorse Finance

Several large investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of WhiteHorse Finance during the 4th quarter worth $207,000. Quadrature Capital Ltd acquired a new stake in WhiteHorse Finance in the fourth quarter valued at about $339,000. CastleKnight Management LP acquired a new stake in WhiteHorse Finance in the fourth quarter valued at about $2,033,000. Trexquant Investment LP acquired a new stake in WhiteHorse Finance in the fourth quarter valued at about $108,000. Finally, Osaic Holdings Inc. boosted its stake in WhiteHorse Finance by 43.7% in the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock valued at $130,000 after buying an additional 5,665 shares in the last quarter. 13.20% of the stock is 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.