WhiteHorse Finance (NASDAQ:WHF) CEO Purchases $96,150.00 in Stock

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

WhiteHorse Finance Stock Up 0.6%

WHF stock opened at $6.45 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $139.38 million, a P/E ratio of 15.73 and a beta of 0.37. The business has a 50-day moving average of $7.15 and a 200-day moving average of $7.06. WhiteHorse Finance, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $9.28.

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 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 during the quarter, compared to the consensus estimate of $16.35 million. On average, sell-side analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current fiscal year.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.5%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 243.90%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $7.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WHF. Advisory Services Network LLC bought a new position in WhiteHorse Finance during the 3rd quarter worth approximately $26,000. Kestra Advisory Services LLC acquired a new stake in shares of WhiteHorse Finance during the fourth quarter worth $44,000. HUB Investment Partners LLC acquired a new stake in shares of WhiteHorse Finance during the third quarter worth $75,000. Norden Group LLC bought a new position in WhiteHorse Finance during the fourth quarter worth $76,000. Finally, O Shaughnessy Asset Management LLC bought a new position in WhiteHorse Finance during the fourth quarter worth $88,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

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.