John Bolduc Purchases 15,380 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc bought 15,380 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $6.49 per share, for a total transaction of $99,816.20. Following the completion of the purchase, the director owned 317,297 shares of the company’s stock, valued at approximately $2,059,257.53. The trade was a 5.09% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, June 5th, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The stock was acquired at an average cost of $6.76 per share, with a total value of $48,266.40.
• On Monday, June 1st, John Bolduc purchased 7,140 shares of WhiteHorse Finance stock. The stock was bought at an average price of $6.88 per share, with a total value of $49,123.20.
• On Friday, May 29th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The stock was purchased at an average cost of $6.76 per share, with a total value of $48,266.40.
• On Wednesday, May 27th, John Bolduc bought 7,140 shares of WhiteHorse Finance stock. The shares were acquired at an average cost of $6.90 per share, with a total value of $49,266.00.

WhiteHorse Finance Stock Performance

Shares of WHF opened at $6.45 on Friday. WhiteHorse Finance, Inc. has a 52 week low of $6.07 and a 52 week high of $9.28. The stock has a market cap of $139.38 million, a price-to-earnings ratio of 15.73 and a beta of 0.37. The business has a 50-day simple moving average of $7.12 and a two-hundred day simple moving average of $7.05. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.30.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Thursday, May 7th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The business had revenue of $15.90 million for the quarter, compared to the consensus estimate of $16.35 million. WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. On average, analysts expect that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 15.5%. The ex-dividend date is Thursday, May 21st. WhiteHorse Finance’s payout ratio is 243.90%.

Wall Street Analyst Weigh In

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

Institutional Trading of WhiteHorse Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HRT Financial LP increased its position in shares of WhiteHorse Finance by 16.5% during the fourth quarter. HRT Financial LP now owns 19,922 shares of the investment management company’s stock valued at $138,000 after acquiring an additional 2,815 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of WhiteHorse Finance in the third quarter worth $26,000. Osaic Holdings Inc. increased its holdings in WhiteHorse Finance by 43.7% during the 4th quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after purchasing an additional 5,665 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of WhiteHorse Finance during the fourth quarter worth approximately $44,000. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of WhiteHorse Finance by 35.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 24,457 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 6,460 shares during the last quarter. 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.