WhiteHorse Finance Inc (NASDAQ:whf) declared a quarterly dividend on Monday, March 20th. Shareholders of record on Friday, March 31st will be paid a dividend of 0.055 per share by the investment management company on Monday, April 17th. This represents a $0.22 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, March 29th.
WhiteHorse Finance (NASDAQ:WHF) opened at 13.86 on Tuesday. The firm’s 50-day moving average is $12.87 and its 200-day moving average is $11.90. WhiteHorse Finance has a 52 week low of $9.63 and a 52 week high of $13.88.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Thursday, March 2nd. The investment management company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.00. WhiteHorse Finance had a net margin of 14.26% and a return on equity of 8.94%. Equities research analysts forecast that WhiteHorse Finance will post $1.46 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. WhiteHorse Finance has a consensus rating of “Hold” and an average target price of $12.38.
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About WhiteHorse Finance
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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