WhiteHorse Finance (NASDAQ:WHF) CEO Stuart Aronson Purchases 5,000 Shares

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson purchased 5,000 shares of WhiteHorse Finance stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of $7.10 per share, with a total value of $35,500.00. Following the transaction, the chief executive officer owned 72,000 shares in the company, valued at $511,200. The trade was a 7.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

WhiteHorse Finance Stock Up 3.8%

Shares of NASDAQ:WHF opened at $7.32 on Thursday. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $9.95. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $162.75 million, a P/E ratio of 11.81 and a beta of 0.56. The firm has a fifty day moving average price of $6.83 and a 200 day moving average price of $7.12.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Monday, March 2nd. The investment management company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.66%. The company had revenue of $17.34 million for the quarter, compared to analyst estimates of $16.91 million. Sell-side analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Thursday, March 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 13.7%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance’s payout ratio is 161.29%.

Institutional Trading of WhiteHorse Finance

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of WhiteHorse Finance during the third quarter worth about $26,000. Kestra Advisory Services LLC purchased a new position in WhiteHorse Finance during the fourth quarter worth about $44,000. HUB Investment Partners LLC acquired a new stake in WhiteHorse Finance in the third quarter valued at about $75,000. Norden Group LLC acquired a new stake in WhiteHorse Finance in the fourth quarter valued at about $76,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in WhiteHorse Finance in the 4th quarter valued at approximately $88,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of WhiteHorse Finance in a research note on Wednesday, January 21st. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target 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.