Joyson Thomas Buys 4,502 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CFO Joyson Thomas bought 4,502 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average cost of $7.01 per share, for a total transaction of $31,559.02. Following the transaction, the chief financial officer owned 22,001 shares in the company, valued at $154,227.01. The trade was a 25.73% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

WhiteHorse Finance Trading Up 1.2%

NASDAQ:WHF opened at $6.97 on Wednesday. The company has a market cap of $161.98 million, a P/E ratio of 16.21 and a beta of 0.56. WhiteHorse Finance, Inc. has a twelve month low of $6.39 and a twelve month high of $11.31. The business has a 50 day moving average price of $7.20 and a two-hundred day moving average price of $7.93. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.22.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Monday, November 10th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). WhiteHorse Finance had a net margin of 12.91% and a return on equity of 9.93%. The business had revenue of $17.69 million during the quarter, compared to analyst estimates of $18.43 million. As a group, analysts expect that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 14.3%. The ex-dividend date is Monday, December 22nd. WhiteHorse Finance’s payout ratio is presently 232.56%.

Hedge Funds Weigh In On WhiteHorse Finance

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in WhiteHorse Finance during the third quarter worth approximately $26,000. Northstar Advisory Group LLC bought a new position in shares of WhiteHorse Finance during the 2nd quarter worth approximately $87,000. HUB Investment Partners LLC acquired a new position in shares of WhiteHorse Finance during the 3rd quarter worth approximately $75,000. Oxford Asset Management LLP bought a new stake in WhiteHorse Finance in the 2nd quarter valued at $105,000. Finally, Citadel Advisors LLC raised its stake in WhiteHorse Finance by 190.8% in the 3rd quarter. Citadel Advisors LLC now owns 21,418 shares of the investment management company’s stock valued at $148,000 after acquiring an additional 45,018 shares during the period. Institutional investors own 13.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, WhiteHorse Finance 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.