WhiteHorse Finance, Inc. (WHF) to Distribute Quarterly Dividend of $0.25 on October 5th

WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a quarterly dividend on Sunday, August 9th. Shareholders of record on Monday, September 21st will be given a dividend of 0.25 per share by the investment management company on Monday, October 5th. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date is Monday, September 21st.

WhiteHorse Finance has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. WhiteHorse Finance has a payout ratio of 87.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect WhiteHorse Finance to earn $0.98 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 102.0%.

WhiteHorse Finance Price Performance

WhiteHorse Finance stock opened at $7.37 on Friday. WhiteHorse Finance has a 12 month low of $6.07 and a 12 month high of $8.38. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.29. The business’s 50 day simple moving average is $6.86 and its 200 day simple moving average is $7.00. The company has a market cap of $158.28 million, a price-to-earnings ratio of 9.33 and a beta of 0.38.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Monday, August 10th. The investment management company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). WhiteHorse Finance had a net margin of 26.88% and a return on equity of 8.94%. The business had revenue of $14.37 million during the quarter, compared to analysts’ expectations of $15.66 million. Sell-side analysts forecast that WhiteHorse Finance will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WHF. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a research note on Friday, August 28th. JPMorgan Chase & Co. increased their price objective on WhiteHorse Finance from $6.00 to $6.50 and gave the company an “underweight” rating in a research report on Wednesday, August 19th. Finally, B. Riley Financial raised their price objective on WhiteHorse Finance from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $7.25.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc (NASDAQ: WHF) is a business development company that provides financing to privately owned, primarily middle-market companies. The company invests in businesses across a range of industries, with an emphasis on generating current income and, to a lesser extent, long-term capital appreciation.

WhiteHorse Finance’s investment portfolio generally consists of senior secured loans, subordinated debt and other structured investments. It may also make equity investments in portfolio companies.