WhiteHorse Finance (NASDAQ:WHF) CEO Buys $133,400.00 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson purchased 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $6.67 per share, with a total value of $133,400.00. Following the acquisition, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at $667,000. This trade represents a 25.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

WhiteHorse Finance Stock Down 1.5%

Shares of NASDAQ WHF opened at $6.70 on Friday. 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 firm has a market capitalization of $144.79 million, a price-to-earnings ratio of 16.34 and a beta of 0.41. The stock has a 50 day moving average price of $7.34 and a 200 day moving average price of $7.10. WhiteHorse Finance, Inc. has a 52-week low of $6.07 and a 52-week high of $9.66.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results 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 net margin of 13.46% and a return on equity of 9.47%. Sell-side analysts expect that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 14.9%. WhiteHorse Finance’s dividend payout ratio is currently 243.90%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $7.75.

Institutional Investors Weigh In On WhiteHorse Finance

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of WhiteHorse Finance during the third quarter valued at $26,000. Kestra Advisory Services LLC purchased a new stake in shares of WhiteHorse Finance during the fourth quarter valued at $44,000. HUB Investment Partners LLC purchased a new stake in shares of WhiteHorse Finance during the third quarter valued at $75,000. Norden Group LLC purchased a new stake in shares of WhiteHorse Finance during the fourth quarter valued at $76,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at $105,000. 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.