WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Stock Price Down 0.1% – Time to Sell?

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL)’s stock price traded down 0.1% during mid-day trading on Tuesday . The company traded as low as $25.08 and last traded at $25.08. Approximately 7,991 shares traded hands during mid-day trading, an increase of 140% from the average session volume of 3,326 shares. The stock had previously closed at $25.10.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Price Performance

The firm’s 50 day simple moving average is $25.30 and its 200-day simple moving average is $25.32.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.4922 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.8%.

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.