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

WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a quarterly dividend on Sunday, August 9th. Stockholders 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) annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend 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 raised its dividend annually for the last 3 consecutive years. WhiteHorse Finance has a dividend payout ratio of 87.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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

Shares of NASDAQ:WHF opened at $7.37 on Friday. The company has a market capitalization of $158.28 million, a P/E ratio of 9.33 and a beta of 0.38. The company’s 50-day moving average is $6.86 and its 200 day moving average is $7.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 1.39. WhiteHorse Finance has a fifty-two week low of $6.07 and a fifty-two week high of $8.38.

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

Hedge Funds Weigh In On WhiteHorse Finance

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in WhiteHorse Finance during the 2nd quarter worth about $1,172,000. Lalia Capital LLC purchased a new stake in WhiteHorse Finance in the 2nd quarter worth approximately $4,776,000. BlackRock Inc. purchased a new stake in WhiteHorse Finance in the 2nd quarter worth approximately $477,000. Bank of America Corp DE bought a new position in WhiteHorse Finance in the 2nd quarter valued at $1,240,000. Finally, NewEdge Wealth LLC purchased a new position in shares of WhiteHorse Finance during the 2nd quarter valued at $117,000. 13.20% of the stock is owned by institutional investors.

About WhiteHorse Finance

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.