WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Stock Price Up 0.2% – Time to Buy?

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) traded up 0.2% on Wednesday . The stock traded as high as $25.10 and last traded at $25.1250. 1,443 shares were traded during mid-day trading, a decline of 62% from the average session volume of 3,811 shares. The stock had previously closed at $25.07.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Stock Performance

The company has a 50 day moving average price of $25.33 and a 200-day moving average price of $25.25.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Sunday, March 1st were issued a $0.4922 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.97 annualized dividend and a yield of 7.8%.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.