Key Points
- Director John Bolduc bought 14,200 shares on Dec. 23 at about $7.00 each for $99,400, raising his stake to 259,085 shares (a 5.8% increase).
- The company announced a quarterly dividend of $0.25 per share (annualized $1.00), implying a 14.5% yield but a high payout ratio of 232.56%; the ex‑dividend date was Dec. 22 and payment is Jan. 5.
- WhiteHorse missed quarterly EPS and revenue estimates, and analyst sentiment is weak—MarketBeat lists an average rating of "Reduce" with a $7.75 average price target while JPMorgan cut its target to $6.50 and maintains an "underweight" rating.
WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) CFO Joyson Thomas acquired 4,502 shares of the stock in a transaction on Wednesday, December 24th. The shares were acquired at an average price of $7.01 per share, with a total value of $31,559.02. Following the purchase, the chief financial officer owned 22,001 shares in the company, valued at $154,227.01. This represents a 25.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
WhiteHorse Finance Stock Performance
WhiteHorse Finance stock opened at $6.89 on Tuesday. WhiteHorse Finance, Inc. has a 52 week low of $6.39 and a 52 week high of $11.31. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.22. The stock has a market cap of $160.14 million, a P/E ratio of 16.02 and a beta of 0.56. The stock has a 50 day moving average of $7.20 and a 200-day moving average of $7.95.
WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). WhiteHorse Finance had a net margin of 12.91% and a return on equity of 9.93%. The company had revenue of $17.69 million during the quarter, compared to analyst estimates of $18.43 million. On average, analysts expect that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.
WhiteHorse Finance Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.5%. The ex-dividend date is Monday, December 22nd. WhiteHorse Finance's dividend payout ratio (DPR) is 232.56%.
Analysts Set New Price Targets
Several research analysts have recently commented on WHF shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of WhiteHorse Finance in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of WhiteHorse Finance from $8.00 to $6.50 and set an "underweight" rating for the company in a research note on Wednesday, October 1st. Finally, Zacks Research upgraded shares of WhiteHorse Finance from a "strong sell" rating to a "hold" rating in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $7.75.
View Our Latest Stock Analysis on WhiteHorse Finance
Hedge Funds Weigh In On WhiteHorse Finance
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of WhiteHorse Finance in the 3rd quarter worth about $26,000. Northstar Advisory Group LLC bought a new position in WhiteHorse Finance in the 2nd quarter worth about $87,000. HUB Investment Partners LLC acquired a new stake in shares of WhiteHorse Finance in the third quarter valued at approximately $75,000. Oxford Asset Management LLP acquired a new stake in shares of WhiteHorse Finance in the second quarter valued at approximately $105,000. Finally, Citadel Advisors LLC raised its holdings in shares of WhiteHorse Finance by 190.8% during the third quarter. Citadel Advisors LLC now owns 21,418 shares of the investment management company's stock valued at $148,000 after buying an additional 45,018 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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