WhiteHorse Finance Inc Announces Quarterly Dividend of $0.36 (WHF)
WhiteHorse Finance (NYSE:WHF) announced a quarterly dividend on Wednesday, May 28th, American Banking News reports. Investors of record on Friday, June 20th will be paid a dividend of 0.355 per share on Thursday, July 3rd. This represents a $1.42 annualized dividend and a dividend yield of 10.15%.
A number of research firms have recently commented on WHF. Analysts at Zacks downgraded shares of WhiteHorse Finance from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $12.80 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of WhiteHorse Finance in a research note on Thursday, May 8th. They now have a $15.25 price target on the stock, down previously from $16.50. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of WhiteHorse Finance in a research note on Thursday, May 8th. They now have a $15.00 price target on the stock, down previously from $16.00. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.94.
WhiteHorse Finance (NYSE:WHF) opened at 13.99 on Wednesday. WhiteHorse Finance has a 52-week low of $12.11 and a 52-week high of $16.04. The stock’s 50-day moving average is $13.55 and its 200-day moving average is $14.39.
WhiteHorse Finance (NYSE:WHF) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.06. Analysts expect that WhiteHorse Finance will post $1.16 EPS for the current fiscal year.
In other WhiteHorse Finance news, Director John Bolduc acquired 18,100 shares of WhiteHorse Finance stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average price of $13.78 per share, for a total transaction of $249,418.00. Following the purchase, the director now directly owns 88,267 shares of the company’s stock, valued at approximately $1,216,319. The transaction was disclosed in a filing with the SEC, which is available at this link.
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 capitalization, or small-cap, companies located in the United States.
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