WhiteHorse Finance (NASDAQ:WHF) Director Purchases $59,751.04 in Stock

Key Points

• Director John Bolduc bought 8,392 shares of WHF on March 5 at $7.12 (a $59,751.04 purchase), increasing his holdings to 267,894 shares—a 3.23% rise in his position.
• WhiteHorse Finance declared a $0.25 quarterly dividend (ex-dividend March 12), implying a 13.5% yield with a 161.29% payout ratio; the company also reported quarterly EPS of $0.29 vs. $0.27 expected and carries a market cap of about $172.4M with a consensus "Reduce" rating (PT $7.75).

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) Director John Bolduc acquired 8,392 shares of WhiteHorse Finance stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $7.12 per share, for a total transaction of $59,751.04. Following the completion of the transaction, the director owned 267,894 shares in the company, valued at approximately $1,907,405.28. This trade represents a 3.23% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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, with a total value of $60,001.00.
• On Tuesday, December 23rd, John Bolduc bought 14,200 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $7.00 per share, with a total value of $99,400.00.
• On Wednesday, December 24th, John Bolduc bought 8,974 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $6.99 per share, for a total transaction of $62,728.26.

WhiteHorse Finance Stock Performance

Shares of NASDAQ WHF remained flat at $7.42 during midday trading on Monday. 175,551 shares of the company traded hands, compared to its average volume of 124,228. WhiteHorse Finance, Inc. has a one year low of $6.07 and a one year high of $10.48. The company has a market capitalization of $172.44 million, a price-to-earnings ratio of 11.97 and a beta of 0.56. The firm has a 50-day moving average of $6.77 and a 200-day moving average of $7.23. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.22.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last issued its quarterly earnings data on Monday, March 2nd. The investment management company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $17.34 million during the quarter, compared to analyst estimates of $16.91 million. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.54%. As a group, equities analysts expect that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current year.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Thursday, March 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance's dividend payout ratio (DPR) is presently 161.29%.

Wall Street Analysts Forecast Growth

WHF has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of WhiteHorse Finance in a report on Wednesday, January 21st. Zacks Research raised shares of WhiteHorse Finance from a "strong sell" rating to a "hold" rating in a research report on Friday, December 12th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $7.75.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors have recently modified their holdings of WHF. HRT Financial LP increased its holdings 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 in the last quarter. Advisory Services Network LLC bought a new position in WhiteHorse Finance in the 3rd quarter worth about $26,000. Osaic Holdings Inc. grew its position 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 valued at $130,000 after purchasing an additional 5,665 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in WhiteHorse Finance during the 4th quarter valued at about $44,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in WhiteHorse Finance by 35.9% during 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. 13.20% of the stock is owned by hedge funds and other 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.

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