Insider Buying: WhiteHorse Finance (NASDAQ:WHF) Director Acquires $49,123.20 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 7,140 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $6.88 per share, with a total value of $49,123.20. Following the purchase, the director directly owned 298,897 shares in the company, valued at $2,056,411.36. This trade represents a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, June 5th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The shares were purchased at an average price of $6.76 per share, with a total value of $48,266.40.
• On Friday, May 29th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The shares were purchased at an average price of $6.76 per share, with a total value of $48,266.40.
• On Wednesday, May 27th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The shares were purchased at an average price of $6.90 per share, with a total value of $49,266.00.
• On Monday, March 16th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The shares were purchased at an average price of $7.12 per share, with a total value of $59,736.80.
• 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 purchased 8,276 shares of WhiteHorse Finance stock. The shares were purchased at an average price 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 purchased at an average price of $7.12 per share, with a total value of $59,751.04.

WhiteHorse Finance Stock Down 1.9%

WHF stock opened at $6.66 on Friday. The stock has a fifty day moving average of $7.29 and a 200-day moving average of $7.10. The company has a market capitalization of $143.92 million, a price-to-earnings ratio of 16.24 and a beta of 0.37. 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 fifty-two week low of $6.07 and a fifty-two week high of $9.66.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Thursday, May 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The company 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%. As a group, equities research analysts predict that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, May 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 15.0%. WhiteHorse Finance’s dividend payout ratio is 243.90%.

Institutional Trading of WhiteHorse Finance

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in shares of WhiteHorse Finance in the 3rd quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new stake in shares of WhiteHorse Finance in the 4th quarter valued at about $44,000. HUB Investment Partners LLC purchased a new stake in shares of WhiteHorse Finance in the 3rd quarter valued at about $75,000. Norden Group LLC purchased a new stake in shares of WhiteHorse Finance in the 4th quarter valued at about $76,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of WhiteHorse Finance in the 4th quarter valued at about $88,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, WhiteHorse Finance presently has a consensus rating of “Reduce” and an average price target 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.