WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc Acquires 4,450 Shares

Posted by Defense World Staff on May 16th, 2023

WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) Director John Bolduc purchased 4,450 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average cost of $11.73 per share, with a total value of $52,198.50. Following the purchase, the director now owns 195,020 shares in the company, valued at approximately $2,287,584.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

On Friday, March 17th, John Bolduc bought 7,030 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $12.74 per share, with a total value of $89,562.20.
On Wednesday, March 15th, John Bolduc purchased 7,800 shares of WhiteHorse Finance stock. The shares were acquired at an average price of $12.69 per share, with a total value of $98,982.00.

WhiteHorse Finance Price Performance

Shares of WHF stock opened at $11.85 on Tuesday. The stock’s fifty day moving average is $12.36 and its 200-day moving average is $12.86. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $275.43 million, a PE ratio of 15.59 and a beta of 1.25. WhiteHorse Finance, Inc. has a 52 week low of $10.57 and a 52 week high of $15.19.

WhiteHorse Finance (NASDAQ:WHF – Get Rating) last posted its quarterly earnings results on Thursday, March 2nd. The investment management company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $25.94 million for the quarter, compared to analysts’ expectations of $24.72 million. WhiteHorse Finance had a return on equity of 10.35% and a net margin of 17.92%. Equities research analysts expect that WhiteHorse Finance, Inc. will post 1.78 EPS for the current fiscal year.

WhiteHorse Finance Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 21st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 12.49%. The ex-dividend date is Tuesday, June 20th. WhiteHorse Finance’s dividend payout ratio is 194.74%.

Hedge Funds Weigh In On WhiteHorse Finance

Several hedge funds have recently added to or reduced their stakes in the company. Toroso Investments LLC boosted its holdings in WhiteHorse Finance by 2.0% in the third quarter. Toroso Investments LLC now owns 47,584 shares of the investment management company’s stock valued at $528,000 after acquiring an additional 933 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in WhiteHorse Finance by 17.9% in the first quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock valued at $99,000 after buying an additional 937 shares during the period. Royal Bank of Canada lifted its stake in WhiteHorse Finance by 10.1% in the first quarter. Royal Bank of Canada now owns 10,885 shares of the investment management company’s stock valued at $164,000 after buying an additional 998 shares during the period. Silver Oak Securities Incorporated lifted its stake in WhiteHorse Finance by 9.8% in the first quarter. Silver Oak Securities Incorporated now owns 12,000 shares of the investment management company’s stock valued at $153,000 after buying an additional 1,071 shares during the period. Finally, Morgan Stanley lifted its stake in WhiteHorse Finance by 4.5% in the fourth quarter. Morgan Stanley now owns 25,075 shares of the investment management company’s stock valued at $327,000 after buying an additional 1,077 shares during the period. Institutional investors own 12.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on WHF shares. StockNews.com started coverage on WhiteHorse Finance in a report on Thursday, March 16th. They set a “hold” rating for the company. Oppenheimer cut their target price on WhiteHorse Finance from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.67.

WhiteHorse Finance Company Profile

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WhiteHorse Finance, Inc is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Our stock is publicly traded on the NASDAQ exchange under the ticker symbol ”WHF”. We have senior notes listed on the NASDAQ exchange under the ticker symbol “WHFBL“.