Insider Buying: WhiteHorse Finance Inc. (WHF) Director Purchases $34,503.00 in Stock
WhiteHorse Finance Inc. (NASDAQ:WHF) Director John Bolduc acquired 3,180 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was acquired at an average cost of $10.85 per share, with a total value of $34,503.00. Following the acquisition, the director now owns 157,146 shares of the company’s stock, valued at $1,705,034.10. The purchase was disclosed in a document filed with the SEC, which is available through this link.
John Bolduc also recently made the following trade(s):
- On Monday, November 7th, John Bolduc acquired 730 shares of WhiteHorse Finance stock. The stock was acquired at an average cost of $10.74 per share, with a total value of $7,840.20.
Shares of WhiteHorse Finance Inc. (NASDAQ:WHF) opened at 11.55 on Monday. WhiteHorse Finance Inc. has a 52 week low of $9.14 and a 52 week high of $12.99. The company’s 50 day moving average is $10.84 and its 200-day moving average is $10.98.
WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Thursday, November 3rd. The investment management company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. WhiteHorse Finance had a return on equity of 8.94% and a net margin of 14.26%. Analysts forecast that WhiteHorse Finance Inc. will post $1.44 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC boosted its stake in shares of WhiteHorse Finance by 18.8% in the first quarter. Nantahala Capital Management LLC now owns 235,669 shares of the investment management company’s stock worth $2,446,000 after buying an additional 37,347 shares during the period. Orinda Asset Management LLC bought a new stake in shares of WhiteHorse Finance during the second quarter worth $655,000. Baird Financial Group Inc. boosted its stake in shares of WhiteHorse Finance by 4.9% in the second quarter. Baird Financial Group Inc. now owns 25,554 shares of the investment management company’s stock worth $276,000 after buying an additional 1,203 shares during the period. Nuveen Fund Advisors LLC bought a new stake in shares of WhiteHorse Finance during the second quarter worth $393,000. Finally, Morgan Stanley boosted its stake in shares of WhiteHorse Finance by 7.5% in the third quarter. Morgan Stanley now owns 133,915 shares of the investment management company’s stock worth $1,464,000 after buying an additional 9,287 shares during the period. Institutional investors and hedge funds own 9.80% of the company’s stock.
A number of equities research analysts have issued reports on WHF shares. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Saturday, September 3rd. Robert W. Baird cut WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research note on Tuesday, August 9th. Deutsche Bank AG set a $13.50 target price on WhiteHorse Finance and gave the company a “buy” rating in a research note on Thursday, August 11th. Citigroup Inc. raised their target price on WhiteHorse Finance from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, September 14th. Finally, TheStreet upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. WhiteHorse Finance presently has an average rating of “Buy” and an average price target of $12.40.
About WhiteHorse Finance
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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