Stuart Aronson Buys 15,000 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CEO Stuart Aronson bought 15,000 shares of the stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $6.41 per share, with a total value of $96,150.00. Following the completion of the purchase, the chief executive officer owned 127,000 shares of the company’s stock, valued at $814,070. This represents a 13.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

WhiteHorse Finance Stock Performance

Shares of NASDAQ:WHF opened at $6.41 on Thursday. WhiteHorse Finance, Inc. has a twelve month low of $6.07 and a twelve month high of $9.28. The firm has a market cap of $138.52 million, a PE ratio of 15.63 and a beta of 0.37. 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 business has a fifty day moving average of $7.17 and a 200-day moving average of $7.06.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The business had revenue of $15.90 million during the quarter, compared to analyst estimates of $16.35 million. On average, equities research analysts predict 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. Stockholders of record on Thursday, May 21st will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.6%. WhiteHorse Finance’s dividend payout ratio (DPR) is 243.90%.

Hedge Funds Weigh In On WhiteHorse Finance

Several hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in WhiteHorse Finance in the fourth quarter valued at about $207,000. Quadrature Capital Ltd bought a new position in WhiteHorse Finance in the fourth quarter valued at about $339,000. CastleKnight Management LP bought a new position in WhiteHorse Finance in the fourth quarter valued at about $2,033,000. Trexquant Investment LP bought a new position in WhiteHorse Finance during the fourth quarter worth about $108,000. Finally, Osaic Holdings Inc. boosted its holdings in WhiteHorse Finance by 43.7% during the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after buying an additional 5,665 shares during the last quarter. Institutional investors own 13.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings cut WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, WhiteHorse Finance presently has a consensus rating of “Reduce” and a consensus target price 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.