WhiteHorse Finance (NASDAQ:WHF) CFO Joyson Thomas Acquires 3,000 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CFO Joyson Thomas bought 3,000 shares of WhiteHorse Finance stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $6.62 per share, for a total transaction of $19,860.00. Following the completion of the purchase, the chief financial officer directly owned 25,001 shares of the company’s stock, valued at $165,506.62. This trade represents a 13.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

WhiteHorse Finance Price Performance

Shares of WHF stock opened at $6.62 on Wednesday. WhiteHorse Finance, Inc. has a 12 month low of $6.07 and a 12 month high of $9.66. The company has a market capitalization of $143.06 million, a PE ratio of 16.15 and a beta of 0.41. The firm’s 50-day moving average is $7.36 and its two-hundred day moving average is $7.11. 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 (NASDAQ:WHF) last announced its quarterly earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The company had revenue of $15.90 million for the quarter, compared to analyst estimates of $16.35 million. Analysts predict that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.

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 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 dividend yield of 15.1%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 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 research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, WhiteHorse Finance presently has an average rating of “Reduce” and an average price target of $7.75.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors have recently made changes to their positions in WHF. Advisory Services Network LLC acquired a new stake in shares of WhiteHorse Finance during the third quarter valued at about $26,000. Kestra Advisory Services LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter valued at approximately $44,000. HUB Investment Partners LLC acquired a new position in shares of WhiteHorse Finance in the third quarter valued at approximately $75,000. Norden Group LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter valued at approximately $76,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter valued at approximately $88,000. 13.20% of the stock is currently owned by institutional investors and hedge funds.

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.