Insider Buying: WhiteHorse Finance (NASDAQ:WHF) Director Purchases 8,392 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 8,392 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of $7.12 per share, for a total transaction of $59,751.04. Following the acquisition, the director owned 267,894 shares of the company’s stock, valued at approximately $1,907,405.28. The trade was a 3.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, March 6th, John Bolduc acquired 8,276 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.25 per share, with a total value of $60,001.00.
• On Tuesday, December 23rd, John Bolduc acquired 14,200 shares of WhiteHorse Finance stock. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $99,400.00.
• On Wednesday, December 24th, John Bolduc bought 8,974 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $6.99 per share, for a total transaction of $62,728.26.

WhiteHorse Finance Price Performance

Shares of WhiteHorse Finance stock remained flat at $7.42 on Monday. The company’s stock had a trading volume of 175,551 shares, compared to its average volume of 124,228. The company has a market cap of $172.44 million, a P/E ratio of 11.97 and a beta of 0.56. The company’s 50 day moving average price is $6.77 and its two-hundred day moving average price is $7.23. WhiteHorse Finance, Inc. has a twelve month low of $6.07 and a twelve month high of $10.48. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.22.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $17.34 million during the quarter, compared to analysts’ expectations of $16.91 million. WhiteHorse Finance had a return on equity of 9.54% and a net margin of 19.73%. As a group, research analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Thursday, March 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.00 dividend on an annualized basis and a yield of 13.5%. WhiteHorse Finance’s payout ratio is 161.29%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WHF. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, January 21st. Zacks Research upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $7.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. HRT Financial LP boosted its position in WhiteHorse Finance by 16.5% in the fourth quarter. HRT Financial LP now owns 19,922 shares of the investment management company’s stock worth $138,000 after purchasing an additional 2,815 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of WhiteHorse Finance during the 3rd quarter valued at about $26,000. Osaic Holdings Inc. lifted its stake in shares of WhiteHorse Finance by 43.7% in the 4th quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after purchasing an additional 5,665 shares during the period. Kestra Advisory Services LLC bought a new position in shares of WhiteHorse Finance in the 4th quarter worth approximately $44,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of WhiteHorse Finance by 35.9% in 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 during the last quarter. Institutional investors own 13.20% of the company’s stock.

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.