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.
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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