WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL – Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 1,713 shares, a decline of 45.6% from the December 31st total of 3,151 shares. Based on an average daily volume of 2,629 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 2,629 shares, the short-interest ratio is presently 0.7 days.
WhiteHorse Finance, Inc. 7.875% Notes due 2028 Trading Up 0.1%
Shares of NASDAQ WHFCL traded up $0.02 during midday trading on Friday, reaching $25.42. 1,529 shares of the stock were exchanged, compared to its average volume of 3,384. The business has a 50-day simple moving average of $25.25 and a two-hundred day simple moving average of $25.28. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 12 month low of $25.00 and a 12 month high of $25.68.
WhiteHorse Finance, Inc. 7.875% Notes due 2028 Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.4922 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.97 annualized dividend and a yield of 7.7%.
WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.
WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.
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