Joyson Thomas Buys 3,000 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

by · The Cerbat Gem

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Free Report) CFO Joyson Thomas purchased 3,000 shares of WhiteHorse Finance stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $6.62 per share, with a total value of $19,860.00. Following the transaction, the chief financial officer owned 25,001 shares in the company, valued at approximately $165,506.62. The trade was a 13.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

WhiteHorse Finance Price Performance

WHF stock traded up $0.04 during mid-day trading on Tuesday, reaching $6.62. The company’s stock had a trading volume of 104,847 shares, compared to its average volume of 97,082. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $7.36 and its two-hundred day moving average is $7.11. WhiteHorse Finance, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $9.66. The stock has a market cap of $143.06 million, a PE ratio of 16.15 and a beta of 0.41.

WhiteHorse Finance (NASDAQ:WHFGet Free Report) last released its earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). WhiteHorse Finance had a return on equity of 9.47% and a net margin of 13.46%.The business had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $16.35 million. Equities research analysts expect that WhiteHorse Finance, Inc. will post 1.03 EPS for the current year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 15.1%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s dividend payout ratio (DPR) is 243.90%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $7.75.

Read Our Latest Research Report on WHF

Institutional Trading of WhiteHorse Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in WHF. Marshall Wace LLP acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $368,000. Bank of America Corp DE increased its holdings in shares of WhiteHorse Finance by 92.0% during the 2nd quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock worth $1,613,000 after buying an additional 88,659 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $105,000. HUB Investment Partners LLC acquired a new stake in shares of WhiteHorse Finance during the 3rd quarter worth approximately $75,000. Finally, Two Sigma Investments LP increased its holdings in shares of WhiteHorse Finance by 27.5% during the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company’s stock worth $1,599,000 after buying an additional 49,893 shares during the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

WhiteHorse Finance Company Profile

(Get Free Report)

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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