WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Purchases 15,380 Shares

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc bought 15,380 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $6.49 per share, for a total transaction of $99,816.20. Following the completion of the purchase, the director owned 317,297 shares of the company’s stock, valued at approximately $2,059,257.53. The trade was a 5.09% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through 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 stock was acquired at an average price of $6.76 per share, with a total value of $48,266.40.
• On Monday, June 1st, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The shares were bought at an average price of $6.88 per share, for a total transaction of $49,123.20.
• On Friday, May 29th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $6.76 per share, with a total value of $48,266.40.
• On Wednesday, May 27th, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $6.90 per share, with a total value of $49,266.00.

WhiteHorse Finance Stock Up 0.6%

WHF stock opened at $6.45 on Friday. WhiteHorse Finance, Inc. has a twelve month low of $6.07 and a twelve month high of $9.28. The stock has a market cap of $139.38 million, a P/E ratio of 15.73 and a beta of 0.37. The business’s 50-day moving average price is $7.15 and its 200-day moving average price is $7.06. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.30.

WhiteHorse Finance (NASDAQ:WHF) last announced 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 net margin of 13.46% and a return on equity of 9.47%. On average, equities research analysts forecast that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.

WhiteHorse Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s payout ratio is currently 243.90%.

Hedge Funds Weigh In On WhiteHorse Finance

Several hedge funds have recently bought and sold shares of the company. Lalia Capital LLC purchased a new stake in WhiteHorse Finance during the fourth quarter worth about $4,628,000. CastleKnight Management LP acquired a new position in shares of WhiteHorse Finance in the fourth quarter valued at approximately $2,033,000. Jane Street Group LLC purchased a new stake in WhiteHorse Finance during the 4th quarter worth approximately $929,000. Bank of America Corp DE lifted its holdings in WhiteHorse Finance by 92.0% during the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock worth $1,613,000 after buying an additional 88,659 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in WhiteHorse Finance by 27.5% during the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock worth $1,599,000 after buying an additional 49,893 shares in the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $7.75.

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.