WhiteHorse Finance (NASDAQ:WHF) CEO Stuart Aronson Acquires 12,000 Shares
by Doug Wharley · The Cerbat GemWhiteHorse Finance, Inc. (NASDAQ:WHF – Get Free Report) CEO Stuart Aronson bought 12,000 shares of WhiteHorse Finance stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $6.39 per share, with a total value of $76,680.00. Following the purchase, the chief executive officer directly owned 112,000 shares in the company, valued at $715,680. The trade was a 12.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
WhiteHorse Finance Stock Performance
WHF stock traded up $0.04 during midday trading on Tuesday, reaching $6.62. The stock had a trading volume of 104,847 shares, compared to its average volume of 97,082. The stock has a market cap of $143.06 million, a PE ratio of 16.15 and a beta of 0.41. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $7.11. WhiteHorse Finance, Inc. has a 52-week low of $6.07 and a 52-week high of $9.66.
WhiteHorse Finance (NASDAQ:WHF – Get Free Report) last issued its earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The firm had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $16.35 million. WhiteHorse Finance had a return on equity of 9.47% and a net margin of 13.46%. As a group, equities research analysts anticipate that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.
WhiteHorse Finance Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, May 21st will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 15.1%. WhiteHorse Finance’s dividend payout ratio (DPR) is 243.90%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.75.
View Our Latest Research Report on WhiteHorse Finance
Institutional Investors Weigh In On WhiteHorse Finance
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HRT Financial LP grew its position in WhiteHorse Finance by 16.5% during the 4th quarter. HRT Financial LP now owns 19,922 shares of the investment management company’s stock worth $138,000 after purchasing an additional 2,815 shares during the period. Advisory Services Network LLC acquired a new stake in WhiteHorse Finance during the 3rd quarter worth about $26,000. Osaic Holdings Inc. grew its position in WhiteHorse Finance by 43.7% during the 4th quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company’s stock worth $130,000 after purchasing an additional 5,665 shares during the period. Kestra Advisory Services LLC acquired a new stake in WhiteHorse Finance during the 4th quarter worth about $44,000. Finally, CANADA LIFE ASSURANCE Co grew its position in WhiteHorse Finance by 35.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 24,457 shares of the investment management company’s stock worth $169,000 after purchasing an additional 6,460 shares during the period. 13.20% of the stock is owned by institutional investors and hedge funds.
About WhiteHorse Finance
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.
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