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

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 7,140 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $6.76 per share, for a total transaction of $48,266.40. Following the purchase, the director directly owned 295,327 shares in the company, valued at approximately $1,996,410.52. This trade represents a 2.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, May 27th, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $6.90 per share, for a total transaction 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 price of $7.12 per share, for a total transaction of $59,736.80.
• On Thursday, March 12th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.14 per share, for a total transaction of $59,904.60.
• On Friday, March 6th, John Bolduc acquired 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 price of $7.12 per share, for a total transaction of $59,751.04.

WhiteHorse Finance Trading Down 0.1%

Shares of WHF traded down $0.01 during midday trading on Friday, reaching $6.69. The company had a trading volume of 106,407 shares, compared to its average volume of 113,402. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $9.66. The stock has a market cap of $144.57 million, a PE ratio of 16.32 and a beta of 0.41. The firm has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $7.10. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.30.

WhiteHorse Finance (NASDAQ:WHF) last issued 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 business had revenue of $15.90 million for the quarter, compared to analyst estimates of $16.35 million. WhiteHorse Finance had a return on equity of 9.47% and a net margin of 13.46%. Research analysts forecast that WhiteHorse Finance, Inc. will post 1.03 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The firm 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. The ex-dividend date is Thursday, May 21st. This represents a $1.00 annualized dividend and a yield of 14.9%. WhiteHorse Finance’s payout ratio is presently 243.90%.

Analyst Ratings Changes

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

Institutional Trading of WhiteHorse Finance

A number of large investors have recently made changes to their positions in WHF. Advisory Services Network LLC purchased a new position in WhiteHorse Finance during the third quarter worth about $26,000. Kestra Advisory Services LLC acquired a new stake in shares of WhiteHorse Finance in the fourth quarter valued at about $44,000. HUB Investment Partners LLC acquired a new stake in shares of WhiteHorse Finance in the third quarter valued at about $75,000. Norden Group LLC acquired a new stake in WhiteHorse Finance during the 4th quarter valued at approximately $76,000. Finally, Oxford Asset Management LLP acquired a new stake in WhiteHorse Finance during the 2nd quarter valued at approximately $105,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

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.