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

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 7,140 shares of the stock in a transaction on Monday, June 1st. The stock was bought at an average price of $6.88 per share, for a total transaction of $49,123.20. Following the transaction, the director owned 298,897 shares in the company, valued at approximately $2,056,411.36. This represents a 2.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, May 29th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The stock was bought at an average price 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 stock was bought at an average price 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 stock was bought at an average price 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 stock was bought at an average price of $7.14 per share, for a total transaction of $59,904.60.
• On Friday, March 6th, John Bolduc acquired 8,276 shares of WhiteHorse Finance stock. The stock was bought at an average price of $7.25 per share, for a total transaction of $60,001.00.
• On Thursday, March 5th, John Bolduc acquired 8,392 shares of WhiteHorse Finance stock. The stock was bought at an average price of $7.12 per share, for a total transaction of $59,751.04.

WhiteHorse Finance Trading Down 1.9%

WhiteHorse Finance stock opened at $6.76 on Thursday. 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 12 month low of $6.07 and a 12 month high of $9.66. The stock’s 50 day simple moving average is $7.31 and its two-hundred day simple moving average is $7.10. The firm has a market cap of $146.08 million, a PE ratio of 16.49 and a beta of 0.37.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Thursday, May 7th. The investment management company reported $0.26 EPS 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 company had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $16.35 million. Analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current year.

WhiteHorse Finance Dividend Announcement

The firm 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. The ex-dividend date is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.8%. WhiteHorse Finance’s dividend payout ratio (DPR) is 243.90%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in shares of WhiteHorse Finance during the 4th quarter valued at approximately $339,000. XTX Topco Ltd purchased a new position in shares of WhiteHorse Finance during the 4th quarter valued at approximately $207,000. CANADA LIFE ASSURANCE Co lifted its holdings in 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 in the last quarter. HRT Financial LP lifted its holdings in WhiteHorse Finance by 16.5% in the 4th quarter. HRT Financial LP now owns 19,922 shares of the investment management company’s stock valued at $138,000 after purchasing an additional 2,815 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in WhiteHorse Finance in the 4th quarter valued at $125,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

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.