Top Buys by Directors: Bolduc's $1.3M Bet on WHF

By Dividend Channel Staff, Wednesday, June 7, 11:04 AM ET

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Top Insider Buys By Company Directors »

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $1.3M invested across 8 purchases by John Bolduc, Director at WhiteHorse Finance Inc. (NASDAQ:WHF).

Bolduc bets big on WHF:

Purchased	Insider	Title	Shares	Price/Share	Value
12/07/2022	John Bolduc	Director	23,070	$12.95	$298,756.50
12/09/2022	John Bolduc	Director	15,420	$12.95	$199,689.00
12/12/2022	John Bolduc	Director	7,690	$13.00	$99,970.00
03/17/2023	John Bolduc	Director	14,830	$12.71	$188,544.20
05/11/2023	John Bolduc	Director	4,450	$11.73	$52,192.50
05/18/2023	John Bolduc	Director	12,933	$11.69	$151,148.30
05/23/2023	John Bolduc	Director	13,134	$11.60	$152,354.40
05/25/2023	John Bolduc	Director	17,370	$11.48	$199,351.00

Bolduc's average cost works out to $12.32/share. In trading on Wednesday, bargain hunters could buy shares of WhiteHorse Finance Inc. (NASDAQ:WHF) and achieve a cost basis lower than Bolduc, with shares changing hands as low as $12.29 per share. Shares of WhiteHorse Finance Inc. were changing hands at $12.71 at last check, trading up about 3.2% on Wednesday. The chart below shows the one year performance of WHF shares, versus its 200 day moving average:

WhiteHorse Finance Inc. Chart

Looking at the chart above, WHF's low point in its 52 week range is $10.574 per share, with $15.19 as the 52 week high point — that compares with a last trade of $12.71.

The current annualized dividend paid by WhiteHorse Finance Inc. is $1.48/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/20/2023. Below is a long-term dividend history chart for WHF, which can be of good help in judging whether the most recent dividend with approx. 12.0% annualized yield is likely to continue.

Free Report: Top 8%+ Dividends (paid monthly)

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Top Buys by Directors: Bolduc's $1.3M Bet on WHF

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