WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,044 shares, an increase of 90.4% from the September 15th total of 1,599 shares. Based on an average daily volume of 3,027 shares, the short-interest ratio is presently 1.0 days.
WhiteHorse Finance, Inc. 7.875% Notes due 2028 Stock Performance
WHFCL opened at $25.14 on Friday. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a one year low of $24.97 and a one year high of $25.65. The company has a fifty day moving average price of $25.17 and a 200-day moving average price of $25.30.
WhiteHorse Finance, Inc. 7.875% Notes due 2028 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.4922 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.97 annualized dividend and a yield of 7.8%.
WhiteHorse Finance, Inc is a business development company that provides financing to privately owned, middle-market companies. The company primarily invests in senior secured loans and other debt investments, while also making selected subordinated debt and equity investments. Its objective is to generate current income and, to a lesser extent, capital appreciation through a diversified portfolio of corporate investments.
WhiteHorse Finance generally works with companies across a range of industries and seeks investments that may be supported by established operations, experienced management teams, and recurring cash flows.
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