WhiteHorse Finance (NASDAQ:WHF) CFO Purchases $19,860.00 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CFO Joyson Thomas purchased 3,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of $6.62 per share, for a total transaction of $19,860.00. Following the completion of the acquisition, the chief financial officer owned 25,001 shares of the company’s stock, valued at approximately $165,506.62. This trade represents a 13.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

WhiteHorse Finance Price Performance

NASDAQ:WHF opened at $6.70 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.30. The business’s 50-day simple moving average is $7.34 and its two-hundred day simple moving average is $7.10. The stock has a market cap of $144.79 million, a PE ratio of 16.34 and a beta of 0.41. WhiteHorse Finance, Inc. has a 52 week low of $6.07 and a 52 week high of $9.66.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share (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 firm had revenue of $15.90 million during the quarter, compared to the consensus estimate of $16.35 million. As a group, analysts forecast 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 14.9%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s payout ratio is 243.90%.

Institutional Investors Weigh In On WhiteHorse Finance

Several large investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of WhiteHorse Finance in the fourth quarter worth about $207,000. Quadrature Capital Ltd bought a new stake in WhiteHorse Finance during the fourth quarter worth approximately $339,000. CastleKnight Management LP bought a new stake in WhiteHorse Finance during the fourth quarter worth approximately $2,033,000. Trexquant Investment LP bought a new stake in WhiteHorse Finance during the fourth quarter worth approximately $108,000. Finally, Osaic Holdings Inc. increased its stake in WhiteHorse Finance by 43.7% during the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after acquiring an additional 5,665 shares during the last quarter. 13.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.