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.
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.
COPYRIGHT VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/07/whitehorse-finance-whf-director-buys-90012-50-in-stock.html.
WhiteHorse Finance Company Profile
WhiteHorse Finance, LLC is a business development company.
Receive News & Ratings for WhiteHorse Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance and related companies with MarketBeat.com's FREE daily email newsletter.