WhiteHorse Finance, Inc. (NASDAQ:WHF) Director John Bolduc Purchases 7,800 Shares of Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) Director John Bolduc purchased 7,800 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was acquired at an average price of $12.69 per share, for a total transaction of $98,982.00. Following the purchase, the director now owns 189,867 shares in the company, valued at approximately $2,409,412.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, March 17th, John Bolduc acquired 7,030 shares of WhiteHorse Finance stock. The shares were purchased at an average price of $12.74 per share, for a total transaction of $89,562.20.

WhiteHorse Finance Trading Down 2.0 %

Shares of NASDAQ WHF traded down $0.26 during trading on Friday, reaching $12.55. The company had a trading volume of 102,301 shares, compared to its average volume of 53,092. The company’s fifty day moving average price is $13.24 and its 200-day moving average price is $12.94. WhiteHorse Finance, Inc. has a 12 month low of $10.57 and a 12 month high of $15.50. The stock has a market cap of $291.70 million, a P/E ratio of 18.19 and a beta of 1.23. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.

WhiteHorse Finance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 24th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 13.55%. The ex-dividend date is Thursday, March 23rd. This is a positive change from WhiteHorse Finance’s previous quarterly dividend of $0.36. WhiteHorse Finance’s payout ratio is 205.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Oppenheimer reduced their price objective on WhiteHorse Finance from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, March 6th. StockNews.com assumed coverage on WhiteHorse Finance in a research report on Thursday. They set a “hold” rating on the stock. Raymond James reduced their price objective on WhiteHorse Finance from $15.50 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 22nd. Finally, TheStreet lowered WhiteHorse Finance from a “b-” rating to a “c” rating in a research report on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.67.

Institutional Investors Weigh In On WhiteHorse Finance

A number of institutional investors have recently made changes to their positions in WHF. Raymond James & Associates grew its position in shares of WhiteHorse Finance by 14.0% in the 1st quarter. Raymond James & Associates now owns 103,865 shares of the investment management company’s stock valued at $1,566,000 after buying an additional 12,738 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of WhiteHorse Finance by 17.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock valued at $99,000 after purchasing an additional 937 shares during the period. Royal Bank of Canada lifted its stake in shares of WhiteHorse Finance by 10.1% in the 1st quarter. Royal Bank of Canada now owns 10,885 shares of the investment management company’s stock valued at $164,000 after purchasing an additional 998 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of WhiteHorse Finance by 4.4% in the 1st quarter. Advisors Asset Management Inc. now owns 287,517 shares of the investment management company’s stock valued at $4,336,000 after purchasing an additional 12,055 shares during the period. Finally, Toroso Investments LLC lifted its stake in shares of WhiteHorse Finance by 41.2% in the 1st quarter. Toroso Investments LLC now owns 44,785 shares of the investment management company’s stock valued at $675,000 after purchasing an additional 13,062 shares during the period. Institutional investors own 12.45% of the company’s stock.

WhiteHorse Finance Company Profile

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WhiteHorse Finance, Inc is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Our stock is publicly traded on the NASDAQ exchange under the ticker symbol ”WHF”. We have senior notes listed on the NASDAQ exchange under the ticker symbol “WHFBL“.