Whitehorse Finance, Inc. (WHF): John Bolduc , director of Whitehorse Finance, Inc. purchased 17,230 shares on May 10, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.35 per share for a total value of $178,946.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, John Bolduc (director) purchased 7,218 shares at $10.48 per share price.On Mar 9, 2016, Gerhard Lombard (CFO) purchased 1,300 shares at $9.92 per share price.Also, On Mar 9, 2016, G Stacy Smith (director) purchased 8,000 shares at $10.00 per share price.On Nov 30, 2015, Sami Mnaymneh (10% owner) purchased 3,269,446 shares at $13.55 per share price.
WhiteHorse Finance Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in WhiteHorse Finance Inc which led to swings in the share price. The shares opened for trading at $10.5 and hit $10.64 on the upside , eventually ending the session at $10.64, with a gain of 1.72% or 0.18 points. The heightened volatility saw the trading volume jump to 18,226 shares. The 52-week high of the share price is $13.99 and the company has a market cap of $195 M . The 52-week low of the share price is at $9.14.
On May 23, 2016, WhiteHorse Finance Inc announced a cash dividend of $0.3550. The company’s management has announced Jun 16, 2016 as the ex-dividend date and fixed the record date on Jun 20, 2016. The payable date has been fixed on Jul 6, 2016.
Company has been under the radar of several Street Analysts.WhiteHorse Finance Inc is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 12 from a previous price target of $14.50 . The Rating was issued on Mar 22, 2016.WhiteHorse Finance Inc is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 12.50 from a previous price target of $15 . The Rating was issued on Mar 9, 2016.
WhiteHorse Finance Inc. (WhiteHorse Finance) is an externally managed non-diversified closed-end management investment company that has elected to be treated as a business development company. The Company is also elected to be treated as a regulated investment company or RIC. The Company is a direct lender targeting debt investments in privately held small-cap companies located in the United States. Its investment objective is to generate risk-adjusted returns primarily by originating and investing in senior secured loans including first lien and second lien facilities to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of three to six years. The Company’s investment portfolio consists primarily of senior secured loans across 37 positions in 31 companies. Its investment activities are managed by its investment adviser WhiteHorse Advisers LLC.