WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) Director John Bolduc bought 22,360 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of $8.94 per share, for a total transaction of $199,898.40. Following the completion of the purchase, the director now directly owns 237,885 shares of the company's stock, valued at $2,126,691.90. The trade was a 10.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
WhiteHorse Finance Stock Performance
Shares of NASDAQ:WHF opened at $9.14 on Thursday. The business's fifty day moving average price is $10.14 and its two-hundred day moving average price is $10.55. WhiteHorse Finance, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $13.44. The stock has a market capitalization of $212.44 million, a price-to-earnings ratio of 20.31 and a beta of 1.02. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98.
WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The business had revenue of $21.01 million during the quarter, compared to analyst estimates of $22.43 million. During the same period in the prior year, the firm posted $0.46 EPS. As a group, analysts predict that WhiteHorse Finance, Inc. will post 1.66 EPS for the current fiscal year.
WhiteHorse Finance Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a $0.385 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.54 annualized dividend and a dividend yield of 16.85%. WhiteHorse Finance's dividend payout ratio (DPR) is currently 327.66%.
Institutional Investors Weigh In On WhiteHorse Finance
Several large investors have recently modified their holdings of the business. Sound Income Strategies LLC boosted its position in WhiteHorse Finance by 7.8% during the fourth quarter. Sound Income Strategies LLC now owns 965,296 shares of the investment management company's stock valued at $9,344,000 after purchasing an additional 70,234 shares during the last quarter. Blue Trust Inc. boosted its position in WhiteHorse Finance by 23.7% during the fourth quarter. Blue Trust Inc. now owns 47,000 shares of the investment management company's stock valued at $455,000 after purchasing an additional 9,000 shares during the last quarter. Independent Advisor Alliance acquired a new position in WhiteHorse Finance during the fourth quarter valued at approximately $735,000. Tidal Investments LLC boosted its position in WhiteHorse Finance by 7.4% during the third quarter. Tidal Investments LLC now owns 48,350 shares of the investment management company's stock valued at $559,000 after purchasing an additional 3,330 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in WhiteHorse Finance during the fourth quarter valued at approximately $407,000. 13.20% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. lowered their target price on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating on the stock in a report on Monday, March 10th.
Read Our Latest Analysis on WhiteHorse Finance
WhiteHorse Finance Company Profile
(
Get Free Report)
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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