WhiteHorse Finance, Inc. (NASDAQ:WHF) Director Buys $199,898.40 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc acquired 22,360 shares of WhiteHorse Finance stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average cost of $8.94 per share, for a total transaction of $199,898.40. Following the completion of the purchase, the director now directly owns 237,885 shares in the company, valued at approximately $2,126,691.90. This represents a 10.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

WhiteHorse Finance Stock Down 2.3 %

Shares of NASDAQ WHF opened at $8.93 on Friday. The stock has a fifty day moving average price of $10.11 and a 200 day moving average price of $10.53. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. WhiteHorse Finance, Inc. has a 12-month low of $8.44 and a 12-month high of $13.44. The company has a market cap of $207.56 million, a P/E ratio of 19.84 and a beta of 1.02.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Friday, March 7th. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $22.43 million. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. During the same quarter in the previous year, the business posted $0.46 earnings per share. Research analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a $0.385 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.54 annualized dividend and a dividend yield of 17.25%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 327.66%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price target on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating on the stock in a report on Monday, March 10th.

Institutional Investors Weigh In On WhiteHorse Finance

A number of large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its position in WhiteHorse Finance by 7.8% in the 4th quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company’s stock valued at $9,344,000 after buying an additional 70,234 shares during the last quarter. Blue Trust Inc. boosted its holdings in WhiteHorse Finance by 23.7% in the fourth quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company’s stock valued at $455,000 after purchasing an additional 9,000 shares during the last quarter. Independent Advisor Alliance acquired a new stake in WhiteHorse Finance during the 4th quarter valued at approximately $735,000. Tidal Investments LLC increased its holdings in WhiteHorse Finance by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company’s stock worth $559,000 after purchasing an additional 3,330 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of WhiteHorse Finance in the 4th quarter valued at approximately $407,000. 13.20% of the stock is owned by institutional investors and hedge funds.

About WhiteHorse Finance

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.