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.
A number of brokerages have recently weighed in on WHF. BidaskClub upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. cut their target price on WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating on the stock in a research note on Monday, March 5th. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Oppenheimer began coverage on WhiteHorse Finance in a research note on Thursday, November 30th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Ladenburg Thalmann Financial Services upgraded WhiteHorse Finance from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. WhiteHorse Finance presently has an average rating of “Hold” and an average target price of $13.63.
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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