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

WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a quarterly dividend on Friday, March 7th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 15.35%.

WhiteHorse Finance has raised its dividend payment by an average of 4.3% per year over the last three years. WhiteHorse Finance has a dividend 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 Performance

WhiteHorse Finance stock opened at $10.03 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. WhiteHorse Finance has a 1 year low of $9.45 and a 1 year high of $13.44. The company has a market cap of $233.13 million, a PE ratio of 22.29 and a beta of 1.25. The company’s 50-day moving average is $10.35 and its two-hundred day moving average is $10.94.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. The business had revenue of $21.01 million for the quarter, compared to analyst estimates of $22.43 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. Equities analysts anticipate that WhiteHorse Finance will post 1.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WHF has been the topic of a number of analyst reports. Raymond James reiterated a “market perform” rating on shares of WhiteHorse Finance in a research report on Friday, November 8th. Oppenheimer downgraded shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and cut their price target for the company from $14.00 to $12.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of WhiteHorse Finance from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

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.