WhiteHorse Finance (NASDAQ:WHF) Director Acquires $99,816.20 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 15,380 shares of WhiteHorse Finance stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of $6.49 per share, for a total transaction of $99,816.20. Following the purchase, the director owned 317,297 shares in the company, valued at approximately $2,059,257.53. This trade represents a 5.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, June 5th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $6.76 per share, for a total transaction of $48,266.40.
• On Monday, June 1st, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The stock was acquired at an average cost of $6.88 per share, with a total value of $49,123.20.
• On Friday, May 29th, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The stock was acquired at an average price 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 price of $6.90 per share, for a total transaction of $49,266.00.

WhiteHorse Finance Trading Up 0.6%

NASDAQ WHF traded up $0.04 during trading hours on Thursday, hitting $6.45. 68,471 shares of the company’s stock were exchanged, compared to its average volume of 106,402. The business’s 50 day moving average is $7.15 and its 200-day moving average is $7.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. WhiteHorse Finance, Inc. has a 12-month low of $6.07 and a 12-month high of $9.28. The firm has a market capitalization of $139.38 million, a P/E ratio of 15.73 and a beta of 0.37.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Thursday, May 7th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $16.35 million. As a group, analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

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 given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 15.5%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 243.90%.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in WhiteHorse Finance during the second quarter worth about $368,000. Bank of America Corp DE raised its holdings in shares of WhiteHorse Finance by 92.0% in the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock worth $1,613,000 after purchasing an additional 88,659 shares during the period. Oxford Asset Management LLP acquired a new position in shares of WhiteHorse Finance in the 2nd quarter valued at about $105,000. HUB Investment Partners LLC acquired a new position in shares of WhiteHorse Finance in the 3rd quarter valued at about $75,000. Finally, Two Sigma Investments LP grew its holdings in shares of WhiteHorse Finance by 27.5% during the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock worth $1,599,000 after purchasing an additional 49,893 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, WhiteHorse Finance presently has an average 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.