WhiteHorse Finance (NASDAQ:WHF) Director Buys $97,290.00 in Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) Director John Bolduc acquired 14,100 shares of the company's stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of $6.90 per share, for a total transaction of $97,290.00. Following the acquisition, the director owned 244,885 shares in the company, valued at approximately $1,689,706.50. This trade represents a 6.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, November 14th, John Bolduc purchased 14,200 shares of WhiteHorse Finance stock. The stock was acquired at an average cost of $6.88 per share, for a total transaction of $97,696.00.

WhiteHorse Finance Price Performance

NASDAQ WHF traded up $0.29 on Friday, reaching $7.04. The company's stock had a trading volume of 142,990 shares, compared to its average volume of 102,248. The firm has a market cap of $163.63 million, a PE ratio of 46.94 and a beta of 0.79. The business has a 50-day moving average price of $7.36 and a 200 day moving average price of $8.38. 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 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.32.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.72% and a net margin of 4.36%.The company had revenue of $17.69 million for the quarter, compared to analyst estimates of $18.43 million. Sell-side analysts expect that WhiteHorse Finance, Inc. will post 1.66 EPS for the current year.

WhiteHorse Finance Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.2%. WhiteHorse Finance's dividend payout ratio (DPR) is currently 232.56%.

Wall Street Analysts Forecast Growth

WHF has been the topic of several recent research reports. B. Riley decreased their price target on WhiteHorse Finance from $9.50 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, August 13th. LADENBURG THALM/SH SH upgraded shares of WhiteHorse Finance to a "hold" rating in a research report on Friday, August 8th. Weiss Ratings reiterated a "sell (d+)" rating on shares of WhiteHorse Finance in a research report on Wednesday, October 8th. Zacks Research raised shares of WhiteHorse Finance from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of WhiteHorse Finance from $8.00 to $6.50 and set an "underweight" rating on the stock in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, WhiteHorse Finance currently has a consensus rating of "Reduce" and an average target price of $7.75.

Read Our Latest Stock Analysis on WhiteHorse Finance

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ethos Financial Group LLC acquired a new position in WhiteHorse Finance in the 1st quarter worth $1,931,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of WhiteHorse Finance by 13.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,487 shares of the investment management company's stock valued at $468,000 after purchasing an additional 5,715 shares in the last quarter. Northstar Advisory Group LLC bought a new stake in shares of WhiteHorse Finance in the second quarter valued at about $87,000. Legal & General Group Plc boosted its position in shares of WhiteHorse Finance by 4.4% during the second quarter. Legal & General Group Plc now owns 156,602 shares of the investment management company's stock worth $1,368,000 after buying an additional 6,560 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of WhiteHorse Finance during the second quarter worth about $368,000. Institutional investors own 13.20% of the company's stock.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.

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