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

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Free Report) Director John Bolduc purchased 7,140 shares of WhiteHorse Finance stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $6.76 per share, for a total transaction of $48,266.40. Following the completion of the transaction, the director directly owned 295,327 shares of the company’s stock, valued at approximately $1,996,410.52. The trade was a 2.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, May 27th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The shares were 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 shares were 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 shares were acquired at an average price of $7.14 per share, for a total transaction of $59,904.60.
  • On Friday, March 6th, John Bolduc purchased 8,276 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $7.25 per share, for a total transaction of $60,001.00.
  • On Thursday, March 5th, John Bolduc purchased 8,392 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $7.12 per share, for a total transaction of $59,751.04.

WhiteHorse Finance Stock Down 0.1%

Shares of NASDAQ WHF opened at $6.69 on Friday. WhiteHorse Finance, Inc. has a one year low of $6.07 and a one year high of $9.66. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.23 and a quick ratio of 2.23. The firm’s 50 day simple moving average is $7.33 and its two-hundred day simple moving average is $7.10. The stock has a market capitalization of $144.57 million, a P/E ratio of 16.32 and a beta of 0.41.

WhiteHorse Finance (NASDAQ:WHFGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The investment management company reported $0.26 EPS 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 for the quarter, compared to the consensus estimate of $16.35 million. As a group, analysts expect that WhiteHorse Finance, Inc. will post 1.03 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders 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 dividend yield of 14.9%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 243.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WHF. Marshall Wace LLP bought a new position in shares of WhiteHorse Finance in the second quarter worth approximately $368,000. Bank of America Corp DE grew its holdings in shares of 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 purchasing an additional 88,659 shares during the last quarter. Oxford Asset Management LLP bought a new position in shares of WhiteHorse Finance in the second quarter worth approximately $105,000. HUB Investment Partners LLC bought a new position in shares of WhiteHorse Finance in the third quarter worth approximately $75,000. Finally, Two Sigma Investments LP grew its holdings in shares of WhiteHorse Finance by 27.5% in the third 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 during the last quarter. Institutional investors own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of 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 company. According to data from MarketBeat, WhiteHorse Finance currently has a consensus rating of “Reduce” and an average target price of $7.75.

Get Our Latest Report on WHF

About WhiteHorse Finance

(Get Free Report)

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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