WhiteHorse Finance, Inc. (WHF) to Issue Quarterly Dividend of $0.36
WhiteHorse Finance, Inc. (NASDAQ:WHF) announced a quarterly dividend on Wednesday, December 6th, NASDAQ reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.355 per share by the investment management company on Tuesday, January 2nd. This represents a $1.42 annualized dividend and a dividend yield of 10.15%. The ex-dividend date of this dividend is Friday, December 15th.
Shares of WhiteHorse Finance (WHF) traded up $0.35 during trading on Thursday, hitting $13.99. The stock had a trading volume of 48,700 shares, compared to its average volume of 71,545. The firm has a market capitalization of $280.06, a price-to-earnings ratio of 9.81 and a beta of 0.74. WhiteHorse Finance has a 12 month low of $11.51 and a 12 month high of $15.05. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.
Several research analysts have weighed in on the company. ValuEngine raised WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Robert W. Baird cut WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Monday, October 23rd. Finally, Oppenheimer assumed coverage on WhiteHorse Finance in a research report on Thursday, November 30th. They issued a “buy” rating and a $15.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. WhiteHorse Finance currently has an average rating of “Hold” and a consensus target price of $15.00.
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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