John Bolduc Buys 14,200 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 14,200 shares of the stock in a transaction on Friday, November 14th. The stock was acquired at an average price of $6.88 per share, for a total transaction of $97,696.00. Following the completion of the purchase, the director directly owned 251,985 shares in the company, valued at approximately $1,733,656.80. The trade was a 5.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, November 13th, John Bolduc acquired 14,100 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $6.90 per share, with a total value of $97,290.00.

WhiteHorse Finance Stock Performance

Shares of NASDAQ WHF opened at $7.04 on Friday. WhiteHorse Finance, Inc. has a 52 week low of $6.39 and a 52 week high of $11.31. The stock has a market capitalization of $163.63 million, a PE ratio of 46.94 and a beta of 0.79. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day moving average price of $7.36 and a 200 day moving average price of $8.37.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Monday, November 10th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). WhiteHorse Finance had a return on equity of 10.72% and a net margin of 4.36%.The firm had revenue of $17.69 million for the quarter, compared to analyst estimates of $18.43 million. Analysts predict that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.

WhiteHorse Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Monday, December 22nd. WhiteHorse Finance’s dividend payout ratio is presently 232.56%.

Institutional Investors Weigh In On WhiteHorse Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP lifted its stake in WhiteHorse Finance by 27.5% in 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 in the last quarter. HUB Investment Partners LLC bought a new stake in shares of WhiteHorse Finance in the third quarter worth about $75,000. Ethos Financial Group LLC lifted its position in shares of WhiteHorse Finance by 8.2% in the third quarter. Ethos Financial Group LLC now owns 222,454 shares of the investment management company’s stock worth $1,539,000 after buying an additional 16,781 shares in the last quarter. Blue Trust Inc. boosted its stake in WhiteHorse Finance by 11.9% during the third quarter. Blue Trust Inc. now owns 75,437 shares of the investment management company’s stock valued at $522,000 after buying an additional 8,000 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in WhiteHorse Finance during the second quarter valued at approximately $105,000. 13.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. B. Riley decreased their price target on shares of WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. Zacks Research cut WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research note on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, October 8th. LADENBURG THALM/SH SH raised WhiteHorse Finance to a “hold” rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. cut their price target on WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and an average price target of $7.75.

About WhiteHorse Finance

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.