Insider Buying: WhiteHorse Finance (NASDAQ:WHF) Director Buys 8,392 Shares of Stock

March 10, 2026 by InsiderTrades.com

Key Points

Director John Bolduc bought 8,392 shares on March 5 at $7.12 each (≈$59,751), increasing his direct stake to 267,894 shares (~$1.91M), and he also made additional purchases on March 6, Dec. 23 and Dec. 24.
The company declared a quarterly dividend of $0.25 per share (annualized $1.00) with an ex-dividend date of March 12 and a yield of 13.5%, while the dividend payout ratio is a high 161.29%.
WhiteHorse beat recent quarterly estimates with $0.29 EPS vs. $0.27 expected and $17.34M revenue, but analysts maintain a consensus rating of "Reduce" with an average target price of $7.75.

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) Director John Bolduc purchased 8,392 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $7.12 per share, for a total transaction of $59,751.04. Following the purchase, the director directly owned 267,894 shares in the company, valued at approximately $1,907,405.28. This represents a 3.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

On Friday, March 6th, John Bolduc purchased 8,276 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.25 per share, for a total transaction of $60,001.00.
On Tuesday, December 23rd, John Bolduc acquired 14,200 shares of WhiteHorse Finance stock. The stock was purchased at an average cost of $7.00 per share, with a total value of $99,400.00.
On Wednesday, December 24th, John Bolduc acquired 8,974 shares of WhiteHorse Finance stock. The shares were purchased at an average cost of $6.99 per share, with a total value of $62,728.26.

WhiteHorse Finance Price Performance

WHF opened at $7.42 on Tuesday. The business's fifty day moving average is $6.77 and its two-hundred day moving average is $7.23. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $172.44 million, a price-to-earnings ratio of 11.97 and a beta of 0.56. WhiteHorse Finance, Inc. has a one year low of $6.07 and a one year high of $10.48.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. The business had revenue of $17.34 million during the quarter, compared to analysts' expectations of $16.91 million. WhiteHorse Finance had a return on equity of 9.54% and a net margin of 19.73%. Analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 13.5%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance's dividend payout ratio (DPR) is 161.29%.

Institutional Investors Weigh In On WhiteHorse Finance

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lalia Capital LLC acquired a new stake in shares of WhiteHorse Finance in the 4th quarter valued at about $4,628,000. CastleKnight Management LP bought a new stake in WhiteHorse Finance in the fourth quarter valued at about $2,033,000. Ethos Financial Group LLC increased its holdings in WhiteHorse Finance by 9.7% in the fourth quarter. Ethos Financial Group LLC now owns 243,940 shares of the investment management company's stock valued at $1,695,000 after buying an additional 21,486 shares during the last quarter. Two Sigma Investments LP raised its stake in WhiteHorse Finance by 27.5% during the third quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company's stock valued at $1,599,000 after buying an additional 49,893 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in 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. Institutional investors own 13.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research raised shares of WhiteHorse Finance from a "strong sell" rating to a "hold" rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of WhiteHorse Finance in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, WhiteHorse Finance has a consensus rating of "Reduce" and an average target price of $7.75.

Get Our Latest Stock Analysis on WhiteHorse Finance

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.