Key Points
- Director John Bolduc bought 7,140 shares of WhiteHorse Finance on June 1 at $6.88 per share, a $49,123 purchase that lifted his holdings to 298,897 shares.
- Bolduc has been actively buying throughout recent months, including several similar-sized purchases in late May and multiple larger buys in March, signaling continued insider accumulation.
- The stock remains under pressure after trading down 1.9%, while recent earnings missed estimates and Weiss Ratings downgraded WHF to a sell rating despite the company’s high dividend yield of 14.8%.
WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) Director John Bolduc acquired 7,140 shares of the firm's stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $6.88 per share, for a total transaction of $49,123.20. Following the acquisition, the director directly owned 298,897 shares in the company, valued at $2,056,411.36. This represents a 2.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
John Bolduc also recently made the following trade(s):
- On Friday, May 29th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $6.76 per share, for a total transaction of $48,266.40.
- On Wednesday, May 27th, John Bolduc acquired 7,140 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $6.90 per share, for a total transaction of $49,266.00.
- On Monday, March 16th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.12 per share, for a total transaction of $59,736.80.
- On Thursday, March 12th, John Bolduc acquired 8,390 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.14 per share, for a total transaction of $59,904.60.
- On Friday, March 6th, John Bolduc acquired 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 Thursday, March 5th, John Bolduc acquired 8,392 shares of WhiteHorse Finance stock. The stock was purchased at an average price of $7.12 per share, for a total transaction of $59,751.04.
WhiteHorse Finance Trading Down 1.9%
Shares of WHF stock opened at $6.76 on Thursday. The stock's fifty day moving average is $7.31 and its two-hundred day moving average is $7.10. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market capitalization of $146.08 million, a P/E ratio of 16.49 and a beta of 0.37. WhiteHorse Finance, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $9.66.
WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $15.90 million during the quarter, compared to analysts' expectations of $16.35 million. WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. Research analysts expect that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current fiscal year.
WhiteHorse Finance Dividend Announcement
The business 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. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.8%. WhiteHorse Finance's dividend payout ratio (DPR) is 243.90%.
Institutional Trading of WhiteHorse Finance
A number of hedge funds and other institutional investors have recently modified their holdings of WHF. Lalia Capital LLC acquired a new stake in shares of WhiteHorse Finance in the 4th quarter worth $4,628,000. CastleKnight Management LP acquired a new stake in shares of WhiteHorse Finance in the 4th quarter worth $2,033,000. Jane Street Group LLC acquired a new stake in shares of WhiteHorse Finance in the 4th quarter worth $929,000. Bank of America Corp DE increased its stake in shares of WhiteHorse Finance by 92.0% in 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 acquiring an additional 88,659 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of WhiteHorse Finance by 27.5% in the 3rd quarter. Two Sigma Investments LP now owns 231,140 shares of the investment management company's stock worth $1,599,000 after acquiring an additional 49,893 shares during the last quarter. 13.20% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded WhiteHorse Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $7.75.
Read Our Latest Research Report on WHF
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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