WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Stock Crosses Below 50 Day Moving Average – What’s Next?

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $25.11 and traded as low as $25.00. WhiteHorse Finance, Inc. 7.875% Notes due 2028 shares last traded at $25.10, with a volume of 45,440 shares.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Stock Down 0.7%

The stock’s fifty day moving average price is $25.11 and its 200 day moving average price is $25.29.

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

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

WhiteHorse Finance, Inc. is a business development company that provides financing to lower-middle-market businesses, primarily in the United States. Its investment portfolio focuses on privately held companies across a range of industries. The company offers customized financing solutions, including senior secured loans, unitranche loans and, in some cases, junior debt or equity investments. Its capital is generally used to support business growth, acquisitions, recapitalizations and other corporate needs.