WhiteHorse Finance (NASDAQ:WHF) Director John Bolduc Purchases 14,100 Shares

by · The Cerbat Gem

WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Free Report) Director John Bolduc bought 14,100 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $6.90 per share, with a total value of $97,290.00. Following the completion of the purchase, the director owned 244,885 shares in the company, valued at approximately $1,689,706.50. This represents a 6.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Friday, November 14th, John Bolduc purchased 14,200 shares of WhiteHorse Finance stock. The stock was acquired at an average price of $6.88 per share, for a total transaction of $97,696.00.

WhiteHorse Finance Price Performance

WHF stock traded up $0.29 on Friday, reaching $7.04. 142,990 shares of the company’s stock were exchanged, compared to its average volume of 102,248. The stock has a fifty day moving average of $7.36 and a 200-day moving average of $8.38. The firm has a market cap of $163.63 million, a PE ratio of 46.94 and a beta of 0.79. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.32. WhiteHorse Finance, Inc. has a twelve month low of $6.39 and a twelve month high of $11.31.

WhiteHorse Finance (NASDAQ:WHF – Get Free Report) last released its earnings results on Monday, November 10th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.72%. The business had revenue of $17.69 million during the quarter, compared to analyst estimates of $18.43 million. As a group, equities analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 14.2%. WhiteHorse Finance’s payout ratio is currently 232.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WHF shares. Zacks Research cut shares of WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a report on Thursday. JPMorgan Chase & Co. lowered their price target on WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. LADENBURG THALM/SH SH raised WhiteHorse Finance to a “hold” rating in a report on Friday, August 8th. B. Riley decreased their target price on WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and a consensus target price of $7.75.

Read Our Latest Report on WHF

Institutional Trading of WhiteHorse Finance

A number of large investors have recently made changes to their positions in the stock. Ethos Financial Group LLC raised its stake in WhiteHorse Finance by 2.8% in the 2nd quarter. Ethos Financial Group LLC now owns 205,673 shares of the investment management company’s stock valued at $1,793,000 after purchasing an additional 5,616 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of WhiteHorse Finance by 13.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,487 shares of the investment management company’s stock worth $468,000 after purchasing an additional 5,715 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of WhiteHorse Finance by 4.4% during the second quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company’s stock worth $1,368,000 after buying an additional 6,560 shares in the last quarter. Blue Trust Inc. raised its position in shares of WhiteHorse Finance by 11.9% in the third quarter. Blue Trust Inc. now owns 75,437 shares of the investment management company’s stock valued at $522,000 after buying an additional 8,000 shares during the last quarter. Finally, Northstar Advisory Group LLC acquired a new position in shares of WhiteHorse Finance in the second quarter valued at approximately $87,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

(Get Free Report)

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.

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