WhiteHorse Finance Inc (WHF) Announces $0.36 Quarterly Dividend
WhiteHorse Finance Inc (NASDAQ:WHF) declared a quarterly dividend on Tuesday, March 13th, Wall Street Journal reports. Stockholders of record on Monday, March 26th will be paid a dividend of 0.355 per share by the investment management company on Monday, April 2nd. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date of this dividend is Friday, March 23rd.
WhiteHorse Finance (NASDAQ:WHF) opened at $12.94 on Wednesday. WhiteHorse Finance has a 12 month low of $10.92 and a 12 month high of $15.05. The firm has a market capitalization of $269.38, a P/E ratio of 9.58 and a beta of 0.80. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.
WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Friday, March 2nd. The investment management company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. WhiteHorse Finance had a return on equity of 9.57% and a net margin of 62.86%. The firm had revenue of $13.92 million for the quarter, compared to the consensus estimate of $12.59 million. research analysts forecast that WhiteHorse Finance will post 1.38 earnings per share for the current fiscal year.
In other news, CEO Stuart D. Aronson acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were acquired at an average price of $12.58 per share, for a total transaction of $25,160.00. Following the completion of the purchase, the chief executive officer now owns 12,000 shares in the company, valued at $150,960. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.
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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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