WhiteHorse Finance (WHF) Director Buys $90,012.50 in Stock

WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc bought 7,201 shares of the stock in a transaction on Monday, April 2nd. The stock was bought at an average price of $12.50 per share, for a total transaction of $90,012.50. Following the completion of the purchase, the director now directly owns 157,146 shares in the company, valued at approximately $1,964,325. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

WHF opened at $12.63 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $263.22, a PE ratio of 9.36 and a beta of 0.63. WhiteHorse Finance has a 12 month low of $10.92 and a 12 month high of $15.05.

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WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Friday, March 2nd. The investment management company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $12.59 million. WhiteHorse Finance had a return on equity of 9.46% and a net margin of 62.86%. research analysts forecast that WhiteHorse Finance will post 1.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 26th were issued a $0.355 dividend. The ex-dividend date of this dividend was Friday, March 23rd. This represents a $1.42 annualized dividend and a dividend yield of 11.24%. WhiteHorse Finance’s dividend payout ratio is currently 105.19%.

Several brokerages have weighed in on WHF. Zacks Investment Research downgraded WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 10th. JPMorgan Chase downgraded WhiteHorse Finance from a “neutral” rating to an “underweight” rating in a research note on Tuesday, February 6th. BidaskClub raised WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Deutsche Bank assumed coverage on WhiteHorse Finance in a report on Thursday, March 29th. They issued a “buy” rating and a $14.50 price target for the company. Finally, Ladenburg Thalmann Financial Services raised WhiteHorse Finance from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. WhiteHorse Finance currently has a consensus rating of “Hold” and a consensus price target of $13.80.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of WhiteHorse Finance by 22.2% in the 4th quarter. Raymond James & Associates now owns 44,077 shares of the investment management company’s stock valued at $592,000 after buying an additional 8,000 shares during the period. AXA raised its holdings in WhiteHorse Finance by 161.6% during the fourth quarter. AXA now owns 33,217 shares of the investment management company’s stock worth $446,000 after purchasing an additional 20,517 shares during the last quarter. BlackRock Inc. raised its holdings in WhiteHorse Finance by 18.3% during the fourth quarter. BlackRock Inc. now owns 57,216 shares of the investment management company’s stock worth $768,000 after purchasing an additional 8,848 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in WhiteHorse Finance during the fourth quarter worth $138,000. Finally, Susquehanna International Group LLP acquired a new position in WhiteHorse Finance during the third quarter worth $174,000. 8.83% of the stock is owned by institutional investors and hedge funds.

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WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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