John Bolduc Buys 12,673 Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 12,673 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $11.48 per share, with a total value of $145,486.04. Following the transaction, the director now owns 224,326 shares in the company, valued at $2,575,262.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

WhiteHorse Finance Trading Down 2.3 %

NASDAQ WHF traded down $0.26 during trading on Wednesday, reaching $11.17. 232,988 shares of the stock traded hands, compared to its average volume of 85,765. The firm has a market cap of $259.59 million, a price-to-earnings ratio of 13.62 and a beta of 1.30. The stock’s 50-day moving average price is $12.29 and its 200 day moving average price is $12.54. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.24. WhiteHorse Finance, Inc. has a fifty-two week low of $10.95 and a fifty-two week high of $13.52.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Thursday, August 8th. The investment management company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). WhiteHorse Finance had a net margin of 22.73% and a return on equity of 13.07%. The company had revenue of $23.48 million during the quarter, compared to the consensus estimate of $24.72 million. During the same period in the previous year, the firm posted $0.46 EPS. Analysts predict that WhiteHorse Finance, Inc. will post 1.78 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 13.79%. The ex-dividend date is Wednesday, September 18th. WhiteHorse Finance’s payout ratio is currently 187.81%.

Analyst Ratings Changes

WHF has been the subject of several analyst reports. StockNews.com upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered their price target on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.75.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WHF. Sound Income Strategies LLC lifted its position in shares of WhiteHorse Finance by 7.8% in the first quarter. Sound Income Strategies LLC now owns 812,395 shares of the investment management company’s stock worth $10,074,000 after purchasing an additional 58,463 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of WhiteHorse Finance in the second quarter worth $647,000. Quadrature Capital Ltd lifted its position in shares of WhiteHorse Finance by 121.4% in the fourth quarter. Quadrature Capital Ltd now owns 62,643 shares of the investment management company’s stock worth $772,000 after purchasing an additional 34,353 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of WhiteHorse Finance by 50.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 61,800 shares of the investment management company’s stock worth $760,000 after purchasing an additional 20,800 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of WhiteHorse Finance in the fourth quarter worth $168,000. Institutional investors own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.