WhiteHorse Finance, Inc. Declares Quarterly Dividend of $0.36 (WHF)
WhiteHorse Finance, Inc. (NASDAQ:WHF) announced a quarterly dividend on Wednesday, September 6th, NASDAQ reports. Investors of record on Monday, September 18th will be paid a dividend of 0.355 per share by the investment management company on Tuesday, October 3rd. This represents a $1.42 annualized dividend and a yield of 9.80%. The ex-dividend date is Friday, September 15th.
Shares of WhiteHorse Finance (WHF) traded down 0.62% during midday trading on Thursday, reaching $14.40. 7,294 shares of the company traded hands. WhiteHorse Finance has a 12-month low of $10.30 and a 12-month high of $14.75. The company has a 50-day moving average of $13.86 and a 200 day moving average of $13.84.
WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. WhiteHorse Finance had a net margin of 62.57% and a return on equity of 10.57%. The business had revenue of $14.29 million for the quarter, compared to analysts’ expectations of $12.57 million. Equities research analysts expect that WhiteHorse Finance will post $1.41 EPS for the current year.
WHF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, May 10th. BidaskClub upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Robert W. Baird upgraded shares of WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 target price on the stock in a research note on Thursday, June 29th. Finally, ValuEngine upgraded shares of WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. WhiteHorse Finance has a consensus rating of “Buy” and an average target price of $14.33.
COPYRIGHT VIOLATION NOTICE: This news story was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/09/07/whitehorse-finance-inc-declares-quarterly-dividend-of-0-36-whf.html.
About WhiteHorse Finance
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.
Receive News & Stock Ratings for WhiteHorse Finance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance Inc. and related stocks with our FREE daily email newsletter.