WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Purchases 8,390 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc bought 8,390 shares of WhiteHorse Finance stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $7.14 per share, with a total value of $59,904.60. Following the completion of the acquisition, the director directly owned 276,227 shares of the company’s stock, valued at $1,972,260.78. This represents a 3.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

WhiteHorse Finance Stock Performance

NASDAQ:WHF opened at $7.07 on Tuesday. The stock has a market capitalization of $157.19 million, a price-to-earnings ratio of 11.40 and a beta of 0.56. WhiteHorse Finance, Inc. has a 52 week low of $6.07 and a 52 week high of $10.48. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $6.79 and a 200 day moving average of $7.18.

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

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Thursday, March 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 14.1%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance’s payout ratio is 161.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Weiss Ratings restated a “sell (d+)” rating on shares of WhiteHorse Finance in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, WhiteHorse Finance presently has an average rating of “Reduce” and a consensus price target of $7.75.

Institutional Investors Weigh In On WhiteHorse Finance

A number of large investors have recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in WhiteHorse Finance by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company’s stock worth $1,368,000 after buying an additional 6,560 shares during the period. Marshall Wace LLP acquired a new stake in WhiteHorse Finance during the 2nd quarter valued at approximately $368,000. Bank of America Corp DE boosted its holdings in shares of WhiteHorse Finance by 92.0% in the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock valued at $1,613,000 after acquiring an additional 88,659 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in shares of WhiteHorse Finance in the 2nd quarter valued at $105,000. Finally, Blue Trust Inc. increased its stake in shares of WhiteHorse Finance by 11.9% in the third quarter. Blue Trust Inc. now owns 75,437 shares of the investment management company’s stock worth $522,000 after acquiring an additional 8,000 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

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.