WhiteHorse Finance Inc (WHF) Declares Quarterly Dividend of $0.36

WhiteHorse Finance Inc (NASDAQ:WHF) announced a quarterly dividend on Thursday, December 6th, NASDAQ reports. Investors of record on Tuesday, December 18th will be paid a dividend of 0.355 per share by the investment management company on Thursday, January 3rd. This represents a $1.42 annualized dividend and a dividend yield of 10.25%. The ex-dividend date is Monday, December 17th.

WhiteHorse Finance has a payout ratio of 95.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect WhiteHorse Finance to earn $1.53 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 92.8%.

Shares of WHF opened at $13.85 on Friday. The company has a market cap of $284.56 million, a P/E ratio of 9.69 and a beta of 0.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.62. WhiteHorse Finance has a twelve month low of $10.92 and a twelve month high of $15.80.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Tuesday, November 6th. The investment management company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. WhiteHorse Finance had a net margin of 100.60% and a return on equity of 9.76%. The business had revenue of $15.32 million during the quarter, compared to the consensus estimate of $15.61 million. On average, sell-side analysts anticipate that WhiteHorse Finance will post 1.49 EPS for the current fiscal year.

In other WhiteHorse Finance news, Director Kevin Francis Burke acquired 2,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was purchased at an average price of $12.94 per share, with a total value of $25,880.00. Following the transaction, the director now directly owns 4,530 shares in the company, valued at approximately $58,618.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stuart D. Aronson acquired 4,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were acquired at an average cost of $13.07 per share, with a total value of $52,280.00. Following the transaction, the chief executive officer now owns 16,000 shares in the company, valued at $209,120. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 10,530 shares of company stock valued at $138,823. 1.20% of the stock is currently owned by insiders.

A number of equities research analysts have commented on WHF shares. BidaskClub downgraded shares of WhiteHorse Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. B. Riley reaffirmed a “buy” rating and issued a $15.00 target price on shares of WhiteHorse Finance in a research report on Friday, November 2nd. TheStreet downgraded shares of WhiteHorse Finance from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. ValuEngine downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, November 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. WhiteHorse Finance presently has an average rating of “Buy” and a consensus target price of $14.10.

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WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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Dividend History for WhiteHorse Finance (NASDAQ:WHF)

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