WhiteHorse Finance (NASDAQ:WHF) Director Buys $62,728.26 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 8,974 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of $6.99 per share, for a total transaction of $62,728.26. Following the acquisition, the director directly owned 263,698 shares in the company, valued at approximately $1,843,249.02. The trade was a 3.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, December 23rd, John Bolduc acquired 14,200 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.00 per share, with a total value of $99,400.00.
• On Friday, November 14th, John Bolduc bought 14,200 shares of WhiteHorse Finance stock. The stock was bought at an average price of $6.88 per share, with a total value of $97,696.00.
• On Thursday, November 13th, John Bolduc purchased 14,100 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $6.90 per share, with a total value of $97,290.00.

WhiteHorse Finance Price Performance

WHF opened at $6.95 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $161.52 million, a P/E ratio of 16.16 and a beta of 0.56. The stock has a 50-day moving average price of $7.20 and a 200-day moving average price of $7.92. WhiteHorse Finance, Inc. has a 12-month low of $6.39 and a 12-month high of $11.31.

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

WhiteHorse Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.4%. WhiteHorse Finance’s dividend payout ratio is 232.56%.

Analysts Set New Price Targets

WHF has been the subject of several recent research reports. Zacks Research raised shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. lowered their target price on WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $7.75.

Institutional Trading of WhiteHorse Finance

Large investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP raised its holdings in 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 worth $1,599,000 after purchasing an additional 49,893 shares in the last quarter. Ethos Financial Group LLC increased its position in shares of WhiteHorse Finance by 8.2% during the third quarter. Ethos Financial Group LLC now owns 222,454 shares of the investment management company’s stock valued at $1,539,000 after buying an additional 16,781 shares during the period. Bank of America Corp DE raised its stake 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 buying an additional 88,659 shares in the last quarter. Legal & General Group Plc raised its stake in WhiteHorse Finance by 4.4% in the second quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company’s stock worth $1,368,000 after buying an additional 6,560 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in WhiteHorse Finance by 11.9% in the third quarter. Blue Trust Inc. now owns 75,437 shares of the investment management company’s stock worth $522,000 after buying an additional 8,000 shares during the period. 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.