Kevin Francis Burke Acquires 2,000 Shares of WhiteHorse Finance Inc (WHF) Stock

WhiteHorse Finance Inc (NASDAQ:WHF) Director Kevin Francis Burke purchased 2,000 shares of the stock in a transaction on Thursday, November 29th. The stock was acquired at an average cost of $12.94 per share, for a total transaction of $25,880.00. Following the completion of the acquisition, the director now owns 4,530 shares of the company’s stock, valued at approximately $58,618.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kevin Francis Burke also recently made the following trade(s):

  • On Wednesday, November 14th, Kevin Francis Burke purchased 2,530 shares of WhiteHorse Finance stock. The stock was acquired at an average cost of $13.59 per share, for a total transaction of $34,382.70.

NASDAQ:WHF opened at $13.15 on Friday. WhiteHorse Finance Inc has a one year low of $10.92 and a one year high of $15.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $270.18 million, a price-to-earnings ratio of 9.20 and a beta of 0.75.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Tuesday, November 6th. The investment management company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $15.32 million for the quarter, compared to analyst estimates of $15.61 million. WhiteHorse Finance had a net margin of 100.60% and a return on equity of 9.76%. Sell-side analysts anticipate that WhiteHorse Finance Inc will post 1.49 earnings per share for the current year.

Several equities research analysts have commented on the stock. BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Friday, October 12th. TheStreet raised shares of WhiteHorse Finance from a “c+” rating to a “b-” rating in a report on Friday, November 16th. ValuEngine raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. B. Riley reaffirmed a “buy” rating and issued a $15.00 price target on shares of WhiteHorse Finance in a report on Friday, November 2nd. Finally, Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $14.10.

Institutional investors have recently modified their holdings of the business. Telemus Capital LLC acquired a new position in shares of WhiteHorse Finance in the second quarter worth about $145,000. Eqis Capital Management Inc. acquired a new position in shares of WhiteHorse Finance in the second quarter worth about $200,000. Macquarie Group Ltd. raised its position in shares of WhiteHorse Finance by 81.6% in the second quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock worth $577,000 after acquiring an additional 17,861 shares during the period. Millennium Management LLC acquired a new position in shares of WhiteHorse Finance in the second quarter worth about $853,000. Finally, Legal & General Group Plc acquired a new position in shares of WhiteHorse Finance in the second quarter worth about $982,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

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About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

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