WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Purchases 8,390 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 8,390 shares of the stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of $7.12 per share, with a total value of $59,736.80. Following the transaction, the director owned 284,617 shares of the company’s stock, valued at $2,026,473.04. This trade represents a 3.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, March 12th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The shares were purchased at an average price of $7.14 per share, with a total value of $59,904.60.
• 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, for a total transaction of $60,001.00.
• On Thursday, March 5th, John Bolduc acquired 8,392 shares of WhiteHorse Finance stock. The stock was purchased at an average cost of $7.12 per share, for a total transaction of $59,751.04.
• On Tuesday, December 23rd, John Bolduc bought 14,200 shares of WhiteHorse Finance stock. The shares were purchased at an average price of $7.00 per share, with a total value 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 cost of $6.99 per share, with a total value of $62,728.26.

WhiteHorse Finance Stock Performance

NASDAQ WHF opened at $7.07 on Tuesday. WhiteHorse Finance, Inc. has a one year low of $6.07 and a one year high of $10.48. The company’s 50 day moving average price is $6.79 and its 200 day moving average price is $7.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $157.19 million, a price-to-earnings ratio of 11.40 and a beta of 0.56.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.66%. The firm had revenue of $17.34 million for the quarter, compared to analysts’ expectations of $16.91 million. On average, sell-side analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Thursday, March 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, March 12th. This represents a $1.00 annualized dividend and a dividend yield of 14.1%. WhiteHorse Finance’s payout ratio is presently 161.29%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WHF. Trexquant Investment LP acquired a new stake in shares of WhiteHorse Finance during the fourth quarter valued at about $108,000. Oxford Asset Management LLP purchased a new stake in shares of WhiteHorse Finance during the second quarter worth about $105,000. O Shaughnessy Asset Management LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter worth about $88,000. Kestra Advisory Services LLC acquired a new position in shares of WhiteHorse Finance in the fourth quarter worth about $44,000. Finally, Advisory Services Network LLC purchased a new position in WhiteHorse Finance in the third quarter valued at about $26,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

WhiteHorse Finance Company Profile

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.