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John Bolduc, a director at WhiteHorse Finance , Inc. (NASDAQ:WHF), has acquired a significant number of shares in the company, according to a recent SEC filing. On April 8, Bolduc purchased a total of 22,360 shares of WhiteHorse Finance common stock. The transactions were executed at prices ranging from $8.86 to $8.94 per share, amounting to an aggregate value of $199,885. The purchase comes as InvestingPro data shows the stock trading near its 52-week low of $8.44, with technical indicators suggesting oversold conditions.
The purchases were made through various entities associated with Bolduc. Specifically, 11,180 shares were acquired by the Bolduc Family LP, and another 11,180 shares were purchased by Bolduc Investments X, LLC. Bolduc holds interests in these entities but disclaims beneficial ownership except to the extent of his pecuniary interest.
Following these transactions, Bolduc's indirect ownership of WhiteHorse Finance shares totals 237,885 shares through the Bolduc Family LP and 234,630 shares through Bolduc Investments X, LLC. These transactions reflect Bolduc's continued investment in WhiteHorse Finance, a business development company based in Miami, Florida. The company, with a market capitalization of $212 million, maintains a notable 16.85% dividend yield and has consistently paid dividends for 14 consecutive years. For deeper insights into WHF's valuation and growth prospects, access the comprehensive research report available on InvestingPro.
In other recent news, WhiteHorse Finance reported a decrease in net investment income for the fourth quarter of 2024, with earnings per share dropping to $0.34 from $0.394 in the previous quarter. The company's net asset value per share also fell by 3.6% to $12.31. Despite these declines, WhiteHorse Finance completed six new originations totaling $27.4 million during the quarter. The company's total investment portfolio decreased by $12.1 million, reaching $642.2 million. Analysts noted a decrease in the weighted average effective yield on income-producing debt to 12.5%, down from 13.1% in the previous quarter. WhiteHorse Finance maintained its quarterly distribution at $0.385 per share, consistent with the prior quarter. The company anticipates high repayment activity in 2025 and has approximately $40 million in balance sheet capacity for new assets. CEO Stuart Aronson emphasized a focus on the non-sponsored market due to better risk returns.
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