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

Key Points

• WhiteHorse Finance, Inc. has announced a quarterly dividend of $0.39, which provides a substantial dividend yield of 18.2% for investors.
• The company's payout ratio is 135.1%, indicating that it cannot cover its dividend with earnings and is reliant on its balance sheet for payments.
• WhiteHorse Finance's stock is experiencing a downward trend, trading at $8.47, down 0.6%, with recent trading volumes surpassing the average.

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Friday, September 19th will be given a dividend of 0.385 per share by the investment management company on Friday, October 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 18.2%. The ex-dividend date is Friday, September 19th.

WhiteHorse Finance has a payout ratio of 135.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 0.6%

NASDAQ WHF traded down $0.05 during trading on Friday, hitting $8.47. The stock had a trading volume of 95,313 shares, compared to its average volume of 86,225. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.86. WhiteHorse Finance has a 12 month low of $8.44 and a 12 month high of $12.42. The company's 50-day moving average price is $8.93 and its two-hundred day moving average price is $9.54. The company has a market capitalization of $196.87 million, a PE ratio of 21.72 and a beta of 0.82.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last issued its earnings results on Monday, May 12th. The investment management company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $18.80 million for the quarter, compared to analyst estimates of $19.98 million. WhiteHorse Finance had a return on equity of 11.30% and a net margin of 10.62%. As a group, sell-side analysts forecast that WhiteHorse Finance will post 1.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WHF. Tower Research Capital LLC TRC acquired a new position in WhiteHorse Finance in the 4th quarter worth approximately $39,000. Snowden Capital Advisors LLC purchased a new stake in shares of WhiteHorse Finance in the fourth quarter worth approximately $101,000. Northstar Advisory Group LLC acquired a new stake in shares of WhiteHorse Finance during the second quarter worth approximately $87,000. LPL Financial LLC grew its position in WhiteHorse Finance by 10.9% during the fourth quarter. LPL Financial LLC now owns 15,182 shares of the investment management company's stock valued at $147,000 after purchasing an additional 1,495 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in WhiteHorse Finance in the 4th quarter worth approximately $154,000. Institutional investors own 13.20% of the company's stock.

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.

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