WhiteHorse Finance, Inc. Declares Quarterly Dividend of $0.39 (NASDAQ:WHF)

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) announced a quarterly dividend on Friday, March 7th, RTT News reports. Investors of record on Friday, March 21st will be given a dividend of 0.385 per share by the investment management company on Friday, April 4th. This represents a $1.54 annualized dividend and a yield of 15.68%. The ex-dividend date is Friday, March 21st.

WhiteHorse Finance has raised its dividend by an average of 4.3% annually over the last three years. WhiteHorse Finance has a payout ratio of 104.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect WhiteHorse Finance to earn $1.46 per share next year, which means the company may not be able to cover its $1.54 annual dividend with an expected future payout ratio of 105.5%.

WhiteHorse Finance Stock Down 1.8 %

Shares of NASDAQ WHF traded down $0.18 during mid-day trading on Tuesday, reaching $9.82. The company had a trading volume of 105,971 shares, compared to its average volume of 94,083. The firm has a 50 day simple moving average of $10.36 and a two-hundred day simple moving average of $10.92. WhiteHorse Finance has a 52-week low of $9.45 and a 52-week high of $13.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The stock has a market cap of $228.25 million, a P/E ratio of 21.82 and a beta of 1.25.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The firm had revenue of $21.01 million for the quarter, compared to analysts' expectations of $22.43 million. During the same period in the previous year, the business posted $0.46 EPS. Sell-side analysts predict that WhiteHorse Finance will post 1.66 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WHF shares. Oppenheimer downgraded shares of WhiteHorse Finance from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $14.00 to $12.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their price target on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating on the stock in a research report on Monday.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.