WhiteHorse Finance, Inc. (NASDAQ:WHF) Declares Quarterly Dividend of $0.25

WhiteHorse Finance, Inc. (NASDAQ:WHF) announced a quarterly dividend on Monday, August 10th. Stockholders of record on Monday, September 21st will be given a dividend of 0.25 per share by the investment management company on Monday, October 5th. This represents a c) annualized dividend and a dividend yield of 14.9%. The ex-dividend date is Monday, September 21st.

WhiteHorse Finance has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. WhiteHorse Finance has a dividend payout ratio of 87.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect WhiteHorse Finance to earn $0.96 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 104.2%.

WhiteHorse Finance Stock Performance

Shares of NASDAQ WHF opened at $6.71 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $144.13 million, a price-to-earnings ratio of 16.37 and a beta of 0.38. The stock’s fifty day simple moving average is $6.55 and its 200 day simple moving average is $6.89. WhiteHorse Finance has a 52-week low of $6.07 and a 52-week high of $8.97.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Monday, August 10th. The investment management company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The company had revenue of $14.37 million for the quarter, compared to analysts’ expectations of $15.66 million. As a group, sell-side analysts forecast that WhiteHorse Finance will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WHF has been the topic of several recent analyst reports. Weiss Ratings downgraded WhiteHorse Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $6.50 to $6.00 and set an “underweight” rating for the company in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $7.50.

WhiteHorse Finance Company Profile

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.