Insider Buying: WhiteHorse Finance (NASDAQ:WHF) Director Acquires $59,904.60 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 8,390 shares of the stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of $7.14 per share, for a total transaction of $59,904.60. Following the transaction, the director owned 276,227 shares of the company’s stock, valued at approximately $1,972,260.78. This trade represents a 3.13% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, March 16th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The stock was bought at an average price of $7.12 per share, for a total transaction of $59,736.80.
• On Friday, March 6th, John Bolduc bought 8,276 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.25 per share, with a total value of $60,001.00.
• On Thursday, March 5th, John Bolduc purchased 8,392 shares of WhiteHorse Finance stock. The shares were bought at an average price of $7.12 per share, with a total value of $59,751.04.
• On Tuesday, December 23rd, John Bolduc purchased 14,200 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $7.00 per share, for a total transaction of $99,400.00.
• On Wednesday, December 24th, John Bolduc purchased 8,974 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $6.99 per share, for a total transaction of $62,728.26.

WhiteHorse Finance Price Performance

WhiteHorse Finance stock opened at $7.30 on Thursday. The business’s 50 day simple moving average is $6.81 and its 200 day simple moving average is $7.18. WhiteHorse Finance, Inc. has a 12 month low of $6.07 and a 12 month high of $10.48. The company has a market cap of $162.28 million, a price-to-earnings ratio of 11.77 and a beta of 0.56. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.25.

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

WhiteHorse Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Thursday, March 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.00 annualized dividend and a yield of 13.7%. WhiteHorse Finance’s dividend payout ratio (DPR) is 161.29%.

Hedge Funds Weigh In On WhiteHorse Finance

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of WhiteHorse Finance during the 3rd quarter valued at $26,000. Kestra Advisory Services LLC bought a new position in WhiteHorse Finance in the 4th quarter worth about $44,000. HUB Investment Partners LLC bought a new position in WhiteHorse Finance in the 3rd quarter worth about $75,000. Norden Group LLC purchased a new position in WhiteHorse Finance during the 4th quarter valued at about $76,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in WhiteHorse Finance during the 4th quarter valued at about $88,000. 13.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented 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 note 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. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $7.75.

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.