WhiteHorse Finance Inc Announces Quarterly Dividend of $0.36 (whf)
WhiteHorse Finance Inc (NASDAQ:whf) announced a quarterly dividend on Monday, March 20th. Stockholders of record on Friday, March 31st will be paid a dividend of 0.355 per share by the investment management company on Monday, April 17th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date is Wednesday, March 29th.
Shares of WhiteHorse Finance (NASDAQ:WHF) traded up 0.56% during trading on Friday, reaching $14.45. 21,419 shares of the company were exchanged. WhiteHorse Finance has a one year low of $9.63 and a one year high of $14.61. The company has a 50 day moving average price of $13.57 and a 200-day moving average price of $12.31. The stock has a market capitalization of $264.48 million, a price-to-earnings ratio of 8.44 and a beta of 0.78.
WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Thursday, March 2nd. The investment management company reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. WhiteHorse Finance had a return on equity of 8.94% and a net margin of 14.26%. The company had revenue of $13.36 million for the quarter, compared to analysts’ expectations of $12.07 million. Equities analysts predict that WhiteHorse Finance will post $1.46 EPS for the current year.
Separately, Zacks Investment Research cut WhiteHorse Finance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.38.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive 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 3 to 6 years.
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