WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Share Price Breaks Below Fifty Day Moving Average – Should You Sell?

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL)’s share price 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 Price Performance

The firm’s 50-day simple moving average is $25.12 and its 200 day simple moving average is $25.28.

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

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

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.