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

WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a quarterly dividend on Friday, March 7th, RTT News reports. Stockholders of record on Friday, March 21st will be paid 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 dividend yield of 15.10%. The ex-dividend date is Friday, March 21st.

WhiteHorse Finance has increased its dividend by an average of 4.3% per year over the last three years. WhiteHorse Finance has a dividend payout ratio of 119.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Up 0.4 %

WhiteHorse Finance stock opened at $10.20 on Wednesday. The company’s 50 day simple moving average is $10.38 and its 200 day simple moving average is $10.84. WhiteHorse Finance has a fifty-two week low of $9.45 and a fifty-two week high of $13.44. The firm has a market capitalization of $237.08 million, a price-to-earnings ratio of 22.67 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data 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). 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 the consensus estimate of $22.43 million. During the same period in the previous year, the business earned $0.46 EPS. As a group, sell-side analysts anticipate that WhiteHorse Finance will post 1.66 EPS for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating on the stock in a report on Monday, March 10th.

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.