WhiteHorse Finance, Inc. (WHF) to Distribute Quarterly Dividend of $0.39 on April 4th

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 paid 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 dividend yield of 15.35%.

WhiteHorse Finance has increased 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. 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 Trading Down 4.6 %

Shares of NASDAQ:WHF opened at $10.03 on Friday. 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 has a 12 month low of $9.45 and a 12 month high of $13.44. The company’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $10.94. The firm has a market cap of $233.13 million, a price-to-earnings ratio of 22.29 and a beta of 1.25.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results 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 net margin of 10.65% and a return on equity of 12.86%. The business had revenue of $21.01 million during the quarter, compared to analyst estimates of $22.43 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, research analysts forecast that WhiteHorse Finance will post 1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WHF has been the topic of several recent analyst reports. Oppenheimer lowered 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 note on Monday, November 11th. JPMorgan Chase & Co. lowered their price objective on shares of WhiteHorse Finance from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Monday, February 3rd.

About WhiteHorse Finance

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.