Key Points
- CEO Stuart Aronson purchased 5,000 shares on March 20 at an average price of $7.10 (total $35,500), increasing his holdings to 72,000 shares—a 7.46% rise—per the SEC filing.
- The company declared a quarterly dividend of $0.25 (annualized $1.00) with a yield of 13.7% (ex-dividend March 12), though the dividend payout ratio is a high 161.29%.
- WhiteHorse beat the quarter with $0.29 EPS vs. $0.27 expected and $17.34M revenue, but analysts maintain a consensus "Reduce" rating and a $7.75 price target while the stock trades near $7.32.
WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) CEO Stuart Aronson purchased 5,000 shares of WhiteHorse Finance stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of $7.10 per share, with a total value of $35,500.00. Following the completion of the acquisition, the chief executive officer directly owned 72,000 shares in the company, valued at approximately $511,200. This trade represents a 7.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
WhiteHorse Finance Stock Up 3.8%
WhiteHorse Finance stock opened at $7.32 on Thursday. The stock's 50 day moving average price is $6.83 and its 200 day moving average price is $7.12. WhiteHorse Finance, Inc. has a 1-year low of $6.07 and a 1-year high of $9.95. The company has a market cap of $162.75 million, a PE ratio of 11.81 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 (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. WhiteHorse Finance had a return on equity of 9.66% and a net margin of 19.73%.The firm had revenue of $17.34 million during the quarter, compared to analysts' expectations of $16.91 million. On average, sell-side analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.
WhiteHorse Finance Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Thursday, March 12th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Thursday, March 12th. WhiteHorse Finance's dividend payout ratio (DPR) is currently 161.29%.
Institutional Trading of WhiteHorse Finance
A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in WhiteHorse Finance in the third quarter valued at $26,000. Kestra Advisory Services LLC acquired a new position in shares of WhiteHorse Finance during the 4th quarter worth $44,000. HUB Investment Partners LLC purchased a new stake in shares of WhiteHorse Finance in the 3rd quarter worth about $75,000. Norden Group LLC acquired a new stake in WhiteHorse Finance in the 4th quarter valued at about $76,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in WhiteHorse Finance in the 4th quarter valued at about $88,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently commented on WHF. 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 report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, WhiteHorse Finance currently has an average rating of "Reduce" and a consensus price target of $7.75.
Read Our Latest Stock Report on WhiteHorse Finance
About WhiteHorse Finance
(
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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