WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Sees Significant Decline in Short Interest

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 284 shares, a decrease of 67.3% from the February 26th total of 869 shares. Based on an average daily trading volume, of 3,048 shares, the days-to-cover ratio is currently 0.1 days.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Stock Down 0.3%

WHFCL stock opened at $25.09 on Friday. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a twelve month low of $24.99 and a twelve month high of $25.60. The business’s 50-day moving average price is $25.31 and its 200-day moving average price is $25.25.

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

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Sunday, March 1st were paid a dividend of $0.4922 per share. The ex-dividend date was Friday, February 27th. This represents a $1.97 dividend on an annualized basis and a dividend 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.