WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Shares Climb 0.1% – Should You Buy?

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL)’s stock price traded up 0.1% on Wednesday. The company traded as high as $25.21 and last traded at $25.1860. Approximately 1,892 shares were traded during mid-day trading, a decline of 40% from the average session volume of 3,140 shares. The stock had previously closed at $25.15.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Trading Up 0.1%

The business has a 50 day simple moving average of $25.12 and a two-hundred day simple moving average of $25.29.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.4922 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.97 annualized dividend and a yield of 7.8%.

WhiteHorse Finance, Inc is a business development company that provides financing to lower-middle-market businesses, primarily in the United States. Its investment portfolio focuses on privately held companies across a range of industries.

The company offers customized financing solutions, including senior secured loans, unitranche loans and, in some cases, junior debt or equity investments. Its capital is generally used to support business growth, acquisitions, recapitalizations and other corporate needs.

WhiteHorse Finance is externally managed by an affiliate of H.I.G.