WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Stock Jumps 0.1% – Still a Buy?

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) shares shot up 0.1% during trading on Wednesday. The stock traded as high as $25.21 and last traded at $25.1860. 1,892 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 3,140 shares. The stock had previously closed at $25.15.

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

The firm has a 50 day simple moving average of $25.13 and a two-hundred day simple moving average of $25.29.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.4922 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.97 annualized dividend and a yield of 7.8%.

WhiteHorse Finance, Inc 7.875% Notes due 2028 are debt securities issued by WhiteHorse Finance, Inc, a business development company that provides financing to privately owned middle-market companies. The notes represent an investment in the company’s debt obligations rather than an operating business or a separate line of products and services.

WhiteHorse Finance primarily invests in directly originated loans and other debt investments, with an emphasis on senior secured loans to established middle-market businesses.