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 company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $6.76 per share, with a total value of $48,266.40. Following the completion of the purchase, the director directly owned 295,327 shares in the company, valued at $1,996,410.52. This trade represents a 2.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, May 27th, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $6.90 per share, with a total value of $49,266.00.
• On Monday, March 16th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.12 per share, with a total value of $59,736.80.
• On Thursday, March 12th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.14 per share, with a total value of $59,904.60.
• On Friday, March 6th, John Bolduc purchased 8,276 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.25 per share, with a total value of $60,001.00.
• On Thursday, March 5th, John Bolduc purchased 8,392 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $7.12 per share, with a total value of $59,751.04.

WhiteHorse Finance Trading Down 0.1%

WHF stock opened at $6.69 on Friday. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $9.66. 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 company has a market capitalization of $144.57 million, a price-to-earnings ratio of 16.32 and a beta of 0.41. The business has a 50 day simple moving average of $7.33 and a two-hundred day simple moving average of $7.10.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results 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 return on equity of 9.47% and a net margin of 13.46%.The business had revenue of $15.90 million during the quarter, compared to the consensus estimate of $16.35 million. Research analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio is currently 243.90%.

Institutional Trading of WhiteHorse Finance

Several hedge funds and other institutional investors have recently bought and sold shares of WHF. Marshall Wace LLP purchased a new stake in WhiteHorse Finance during the 2nd quarter valued at $368,000. Bank of America Corp DE raised its holdings in WhiteHorse Finance by 92.0% during the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock valued at $1,613,000 after buying an additional 88,659 shares during the period. Oxford Asset Management LLP purchased a new stake in WhiteHorse Finance during the 2nd quarter valued at $105,000. HUB Investment Partners LLC purchased a new stake in WhiteHorse Finance during the 3rd quarter valued at $75,000. Finally, Two Sigma Investments LP raised its holdings in 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 valued at $1,599,000 after buying an additional 49,893 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Analysts Set New Price Targets

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

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.