Insider Buying: WhiteHorse Finance (NASDAQ:WHF) Director Acquires 7,140 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 7,140 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of $6.90 per share, for a total transaction of $49,266.00. Following the completion of the transaction, the director directly owned 288,187 shares in the company, valued at $1,988,490.30. This represents a 2.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, May 29th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $6.76 per share, for a total transaction of $48,266.40.
• On Monday, March 16th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $7.12 per share, for a total transaction of $59,736.80.
• On Thursday, March 12th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $7.14 per share, for a total transaction of $59,904.60.
• On Friday, March 6th, John Bolduc purchased 8,276 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.25 per share, for a total transaction of $60,001.00.
• On Thursday, March 5th, John Bolduc purchased 8,392 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.12 per share, for a total transaction of $59,751.04.

WhiteHorse Finance Stock Down 0.1%

WHF stock traded down $0.01 during midday trading on Friday, hitting $6.69. The company’s stock had a trading volume of 106,407 shares, compared to its average volume of 113,402. 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, Inc. has a twelve month low of $6.07 and a twelve month high of $9.66. The company’s fifty day moving average price is $7.34 and its 200 day moving average price is $7.10. The stock has a market capitalization of $144.57 million, a P/E ratio of 16.32 and a beta of 0.41.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The business had revenue of $15.90 million during the quarter, compared to analyst estimates of $16.35 million. As a group, equities research analysts predict that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 14.9%. The ex-dividend date is Thursday, May 21st. WhiteHorse Finance’s payout ratio is presently 243.90%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $7.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of WhiteHorse Finance during the 3rd quarter worth about $26,000. Kestra Advisory Services LLC acquired a new position in shares of WhiteHorse Finance during the 4th quarter worth about $44,000. HUB Investment Partners LLC acquired a new position in shares of WhiteHorse Finance during the 3rd quarter worth about $75,000. Norden Group LLC acquired a new position in shares of WhiteHorse Finance during the 4th quarter worth about $76,000. Finally, Oxford Asset Management LLP acquired a new position in shares of WhiteHorse Finance during the 2nd quarter worth about $105,000. 13.20% of the stock is currently owned by institutional investors and hedge funds.

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.