WhiteHorse Finance, Inc. (NASDAQ:WHF – Get 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 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.
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.
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