John Bolduc Purchases 7,140 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc purchased 7,140 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $6.90 per share, for a total transaction of $49,266.00. Following the completion of the acquisition, the director directly owned 288,187 shares in the company, valued at $1,988,490.30. The trade was a 2.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, May 29th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $6.76 per share, for a total transaction of $48,266.40.
• On Monday, March 16th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.12 per share, for a total transaction of $59,736.80.
• On Thursday, March 12th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.14 per share, for a total transaction of $59,904.60.
• On Friday, March 6th, John Bolduc purchased 8,276 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.25 per share, for a total transaction of $60,001.00.
• On Thursday, March 5th, John Bolduc purchased 8,392 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.12 per share, for a total transaction of $59,751.04.

WhiteHorse Finance Trading Down 0.1%

Shares of WhiteHorse Finance stock opened at $6.69 on Friday. The firm has a market capitalization of $144.57 million, a PE ratio of 16.32 and a beta of 0.41. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.30. The firm’s 50 day moving average is $7.33 and its 200 day moving average is $7.10. WhiteHorse Finance, Inc. has a 1 year low of $6.07 and a 1 year 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 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 company had revenue of $15.90 million for the quarter, compared to the consensus estimate of $16.35 million. Equities research analysts forecast that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

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 given 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 dividend payout ratio (DPR) is currently 243.90%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On WhiteHorse Finance

Hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new stake in WhiteHorse Finance during the 4th quarter worth approximately $125,000. Trexquant Investment LP acquired a new stake in WhiteHorse Finance during the 4th quarter worth approximately $108,000. Oxford Asset Management LLP acquired a new position in shares of WhiteHorse Finance in the 2nd quarter worth approximately $105,000. O Shaughnessy Asset Management LLC acquired a new position in shares of WhiteHorse Finance in the 4th quarter worth approximately $88,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of WhiteHorse Finance in the 4th quarter worth approximately $44,000. 13.20% of the stock is currently owned by institutional investors and hedge funds.

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.