WhiteHorse Finance (NASDAQ:WHF) CEO Buys $25,160.00 in Stock

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WhiteHorse Finance (NASDAQ:WHF) CEO Stuart D. Aronson purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was bought at an average cost of $12.58 per share, with a total value of $25,160.00. Following the purchase, the chief executive officer now owns 12,000 shares of the company’s stock, valued at $150,960. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

WhiteHorse Finance stock opened at $12.63 on Friday. WhiteHorse Finance has a 12-month low of $10.92 and a 12-month high of $15.05. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $263.22, a price-to-earnings ratio of 9.36 and a beta of 0.63.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Friday, March 2nd. The investment management company reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. The firm had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $12.59 million. WhiteHorse Finance had a return on equity of 9.46% and a net margin of 62.86%. equities analysts anticipate that WhiteHorse Finance will post 1.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 26th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 11.24%. The ex-dividend date of this dividend was Friday, March 23rd. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 105.19%.

A number of research firms recently commented on WHF. Zacks Investment Research downgraded WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 10th. JPMorgan Chase downgraded WhiteHorse Finance from a “neutral” rating to an “underweight” rating in a research note on Tuesday, February 6th. BidaskClub upgraded WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Deutsche Bank started coverage on WhiteHorse Finance in a research report on Thursday, March 29th. They issued a “buy” rating and a $14.50 target price on the stock. Finally, Ladenburg Thalmann Financial Services upgraded WhiteHorse Finance from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Monday, March 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.80.

Several large investors have recently added to or reduced their stakes in WHF. Eqis Capital Management Inc. bought a new stake in shares of WhiteHorse Finance during the fourth quarter worth about $138,000. Susquehanna International Group LLP bought a new stake in shares of WhiteHorse Finance during the third quarter worth about $174,000. JPMorgan Chase & Co. grew its holdings in shares of WhiteHorse Finance by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock worth $295,000 after purchasing an additional 5,664 shares during the last quarter. AXA grew its holdings in shares of WhiteHorse Finance by 161.6% during the fourth quarter. AXA now owns 33,217 shares of the investment management company’s stock worth $446,000 after purchasing an additional 20,517 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of WhiteHorse Finance during the third quarter worth about $539,000. Institutional investors own 8.83% of the company’s stock.

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WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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