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

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 7,140 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $6.76 per share, for a total transaction of $48,266.40. Following the completion of the acquisition, the director owned 309,607 shares in the company, valued at $2,092,943.32. This represents a 2.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 1st, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $6.88 per share, for a total transaction of $49,123.20.
• On Friday, May 29th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $6.76 per share, for a total transaction of $48,266.40.
• On Wednesday, May 27th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $6.90 per share, for a total transaction of $49,266.00.
• On Monday, March 16th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The shares were purchased at an average cost 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 shares were purchased at an average cost of $7.14 per share, for a total transaction of $59,904.60.

WhiteHorse Finance Stock Performance

Shares of NASDAQ WHF opened at $6.66 on Friday. The stock has a market cap of $143.92 million, a price-to-earnings ratio of 16.24 and a beta of 0.37. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.30. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $9.66. The stock’s 50-day moving average is $7.29 and its 200 day moving average is $7.10.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data 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). The firm had revenue of $15.90 million for the quarter, compared to analysts’ expectations of $16.35 million. WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. On average, sell-side analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, May 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 243.90%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, WhiteHorse Finance presently has a consensus rating of “Reduce” and a consensus target price of $7.75.

Hedge Funds Weigh In On WhiteHorse Finance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in WhiteHorse Finance during the 4th quarter worth approximately $207,000. Quadrature Capital Ltd bought a new stake in shares of WhiteHorse Finance in the 4th quarter worth approximately $339,000. CastleKnight Management LP bought a new stake in shares of WhiteHorse Finance in the 4th quarter worth approximately $2,033,000. Trexquant Investment LP bought a new stake in shares of WhiteHorse Finance in the 4th quarter worth approximately $108,000. Finally, Osaic Holdings Inc. grew its position in shares of WhiteHorse Finance by 43.7% in the 4th 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. 13.20% of the stock is currently owned by institutional investors.

About WhiteHorse Finance

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.