Stuart Aronson Buys 5,000 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were acquired at an average price of $7.10 per share, with a total value of $35,500.00. Following the completion of the purchase, the chief executive officer owned 72,000 shares in the company, valued at approximately $511,200. This trade represents a 7.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

WhiteHorse Finance Stock Down 0.8%

WHF stock opened at $7.26 on Friday. The company has a market capitalization of $161.39 million, a P/E ratio of 11.71 and a beta of 0.56. WhiteHorse Finance, Inc. has a 12 month low of $6.07 and a 12 month high of $9.95. The firm’s fifty day simple moving average is $6.83 and its 200-day simple moving average is $7.12. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.25 and a quick ratio of 1.25.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $17.34 million during the quarter, compared to analysts’ expectations of $16.91 million. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.66%. As a group, equities research analysts forecast that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, March 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.8%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 161.29%.

Analyst Ratings Changes

WHF has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of WhiteHorse Finance in a research note on Wednesday, January 21st. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteHorse Finance currently has a consensus rating of “Reduce” and a consensus price target of $7.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lalia Capital LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter worth about $4,628,000. CastleKnight Management LP acquired a new stake in shares of WhiteHorse Finance during the 4th quarter valued at about $2,033,000. Ethos Financial Group LLC increased its stake in shares of WhiteHorse Finance by 9.7% in the 4th quarter. Ethos Financial Group LLC now owns 243,940 shares of the investment management company’s stock valued at $1,695,000 after purchasing an additional 21,486 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of WhiteHorse Finance by 27.5% in the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock valued at $1,599,000 after purchasing an additional 49,893 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in WhiteHorse Finance by 92.0% in 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 purchasing an additional 88,659 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

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.