WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) Director John Bolduc bought 8,390 shares of the business's stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $7.12 per share, for a total transaction of $59,736.80. Following the completion of the transaction, the director owned 284,617 shares in the company, valued at $2,026,473.04. This represents a 3.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
John Bolduc also recently made the following trade(s):
- On Thursday, March 12th, John Bolduc purchased 8,390 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.14 per share, with a total value of $59,904.60.
- On Friday, March 6th, John Bolduc purchased 8,276 shares of WhiteHorse Finance stock. The shares were bought at an average cost of $7.25 per share, with a total value of $60,001.00.
- On Thursday, March 5th, John Bolduc purchased 8,392 shares of WhiteHorse Finance stock. The stock was bought at an average price of $7.12 per share, with a total value of $59,751.04.
- On Tuesday, December 23rd, John Bolduc purchased 14,200 shares of WhiteHorse Finance stock. The stock was bought at an average cost of $7.00 per share, for a total transaction of $99,400.00.
- On Wednesday, December 24th, John Bolduc acquired 8,974 shares of WhiteHorse Finance stock. The shares were bought at an average price of $6.99 per share, for a total transaction of $62,728.26.
WhiteHorse Finance Price Performance
Shares of WHF stock opened at $7.07 on Tuesday. The firm has a market cap of $157.19 million, a P/E ratio of 11.40 and a beta of 0.56. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.25 and a quick ratio of 1.25. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $10.48. The firm has a fifty day moving average of $6.79 and a two-hundred day moving average of $7.18.
WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $17.34 million during the quarter, compared to the consensus estimate of $16.91 million. WhiteHorse Finance had a net margin of 19.73% and a return on equity of 9.66%. As a group, research analysts anticipate that WhiteHorse Finance, Inc. will post 1.66 earnings per share for the current fiscal year.
WhiteHorse Finance Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Thursday, March 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 14.1%. The ex-dividend date of this dividend is Thursday, March 12th. WhiteHorse Finance's payout ratio is currently 161.29%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of WHF. XTX Topco Ltd acquired a new position in shares of WhiteHorse Finance in the 4th quarter valued at about $207,000. Quadrature Capital Ltd bought a new stake in shares of WhiteHorse Finance during the 4th quarter valued at about $339,000. CastleKnight Management LP acquired a new stake in WhiteHorse Finance during the fourth quarter worth about $2,033,000. Trexquant Investment LP acquired a new stake in WhiteHorse Finance during the fourth quarter worth about $108,000. Finally, Osaic Holdings Inc. lifted its holdings in WhiteHorse Finance by 43.7% in the fourth quarter. Osaic Holdings Inc. now owns 18,634 shares of the investment management company's stock worth $130,000 after acquiring an additional 5,665 shares during the last quarter. 13.20% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on WHF shares. Zacks Research upgraded WhiteHorse Finance from a "strong sell" rating to a "hold" rating in a research note on Friday, December 12th. Weiss Ratings reiterated a "sell (d+)" rating on shares of WhiteHorse Finance in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $7.75.
Read Our Latest Report on WHF
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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