WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Free Report) Director John Bolduc purchased 7,140 shares of the stock in a transaction on Monday, June 1st. The stock was bought at an average price of $6.88 per share, for a total transaction of $49,123.20. Following the completion of the transaction, the director directly owned 298,897 shares of the company’s stock, valued at approximately $2,056,411.36. This trade represents a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
John Bolduc also recently made the following trade(s):
- On Friday, May 29th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The stock was bought at an average price of $6.76 per share, for a total transaction of $48,266.40.
- On Wednesday, May 27th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The stock was bought 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 stock was bought 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 stock was bought 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 stock was bought 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 stock was bought at an average price of $7.12 per share, for a total transaction of $59,751.04.
WhiteHorse Finance Stock Performance
Shares of NASDAQ:WHF opened at $6.79 on Friday. The business’s fifty day moving average price is $7.30 and its two-hundred day moving average price is $7.10. WhiteHorse Finance, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $9.66. The stock has a market capitalization of $146.73 million, a price-to-earnings ratio of 16.56 and a beta of 0.37. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.23 and a quick ratio of 2.23.
WhiteHorse Finance Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.7%. The ex-dividend date is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio is 243.90%.
Analyst Ratings Changes
Separately, Weiss Ratings cut WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $7.75.
Check Out Our Latest Analysis on WHF
Hedge Funds Weigh In On WhiteHorse Finance
Large investors have recently made changes to their positions in the company. HRT Financial LP grew its holdings in shares of WhiteHorse Finance by 16.5% during the fourth quarter. HRT Financial LP now owns 19,922 shares of the investment management company’s stock worth $138,000 after buying an additional 2,815 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of WhiteHorse Finance during the third quarter worth about $26,000. Osaic Holdings Inc. grew its holdings in shares of WhiteHorse Finance by 43.7% during the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after buying an additional 5,665 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of WhiteHorse Finance during the fourth quarter worth about $44,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of WhiteHorse Finance by 35.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 24,457 shares of the investment management company’s stock worth $169,000 after buying an additional 6,460 shares in the last quarter. Institutional investors and hedge funds 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.
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