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

WhiteHorse Finance, Inc. (NASDAQ:WHF) 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 dividend on an annualized basis and a yield of 15.35%.

WhiteHorse Finance has raised its dividend payment by an average of 4.3% annually 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 Price Performance

Shares of WHF opened at $10.03 on Friday. The stock has a market capitalization of $233.13 million, a P/E ratio of 22.29 and a beta of 1.25. WhiteHorse Finance has a twelve month low of $9.45 and a twelve month high of $13.44. The company has a 50 day moving average of $10.35 and a 200-day moving average of $10.94. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $21.01 million for the quarter, compared to the consensus estimate of $22.43 million. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. During the same period in the prior year, the business earned $0.46 earnings per share. As a group, equities research analysts forecast that WhiteHorse Finance will post 1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WHF. Oppenheimer cut shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $14.00 to $12.00 in a research note on Monday, November 11th. Raymond James reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their target price on shares of WhiteHorse Finance from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note 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.