WhiteHorse Finance (NASDAQ:WHF) CEO Stuart Aronson Purchases 12,000 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson acquired 12,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $6.39 per share, with a total value of $76,680.00. Following the transaction, the chief executive officer owned 112,000 shares in the company, valued at $715,680. The trade was a 12.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

WhiteHorse Finance Stock Up 0.6%

Shares of WhiteHorse Finance stock opened at $6.62 on Wednesday. The company has a market cap of $143.06 million, a P/E ratio of 16.15 and a beta of 0.41. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. WhiteHorse Finance, Inc. has a one year low of $6.07 and a one year high of $9.66. The firm has a fifty day moving average of $7.36 and a two-hundred day moving average of $7.11.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data 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). The firm had revenue of $15.90 million for the quarter, compared to analysts’ expectations of $16.35 million. WhiteHorse Finance had a return on equity of 9.47% and a net margin of 13.46%. On average, analysts forecast that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 15.1%. WhiteHorse Finance’s dividend payout ratio is presently 243.90%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $7.75.

Hedge Funds Weigh In On WhiteHorse Finance

A number of large investors have recently made changes to their positions in the stock. Lalia Capital LLC purchased a new position in shares of WhiteHorse Finance in the 4th quarter valued at about $4,628,000. CastleKnight Management LP purchased a new position in shares of WhiteHorse Finance in the 4th quarter valued at about $2,033,000. Ethos Financial Group LLC increased its holdings in shares of WhiteHorse Finance by 9.7% in the 4th quarter. Ethos Financial Group LLC now owns 243,940 shares of the investment management company’s stock valued at $1,695,000 after purchasing an additional 21,486 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of WhiteHorse Finance by 27.5% in the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock valued at $1,599,000 after purchasing an additional 49,893 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of WhiteHorse Finance by 92.0% in the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock valued at $1,613,000 after purchasing an additional 88,659 shares in the last quarter. Hedge funds and other 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.