WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Purchases 7,140 Shares

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 7,140 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $6.76 per share, for a total transaction of $48,266.40. Following the transaction, the director owned 309,607 shares of the company’s stock, valued at $2,092,943.32. This trade represents a 2.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, June 1st, John Bolduc acquired 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 bought 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.
• On Monday, March 16th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $7.12 per share, with a total value of $59,736.80.
• On Thursday, March 12th, John Bolduc bought 8,390 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $7.14 per share, with a total value of $59,904.60.

WhiteHorse Finance Price Performance

Shares of NASDAQ WHF traded down $0.13 during midday trading on Friday, reaching $6.66. The stock had a trading volume of 89,197 shares, compared to its average volume of 112,050. The stock has a 50-day moving average of $7.29 and a 200-day moving average of $7.10. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $143.92 million, a price-to-earnings ratio of 16.24 and a beta of 0.37. WhiteHorse Finance, Inc. has a 12-month low of $6.07 and a 12-month high of $9.66.

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 firm had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $16.35 million. WhiteHorse Finance had a return on equity of 9.47% and a net margin of 13.46%. As a group, research analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors 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 yield of 15.0%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 243.90%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $7.75.

Hedge Funds Weigh In On WhiteHorse Finance

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of WhiteHorse Finance during the fourth quarter worth approximately $929,000. LPL Financial LLC raised its stake in shares of WhiteHorse Finance by 49.5% during the 4th quarter. LPL Financial LLC now owns 69,644 shares of the investment management company’s stock worth $484,000 after acquiring an additional 23,047 shares in the last quarter. Marshall Wace LLP bought a new position in shares of WhiteHorse Finance during the 2nd quarter worth approximately $368,000. Quadrature Capital Ltd bought a new position in shares of WhiteHorse Finance during the 4th quarter worth approximately $339,000. Finally, Citadel Advisors LLC raised its stake in shares of WhiteHorse Finance by 190.8% during the 3rd quarter. Citadel Advisors LLC now owns 21,418 shares of the investment management company’s stock worth $148,000 after acquiring an additional 45,018 shares in the last quarter. 13.20% of the stock is owned by hedge funds and other institutional investors.

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.