WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Stock Price Down 0.2% – Here’s Why

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) shares were down 0.2% during trading on Thursday . The stock traded as low as $25.37 and last traded at $25.3460. Approximately 1,681 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 2,713 shares. The stock had previously closed at $25.40.

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

The company has a 50 day simple moving average of $25.32 and a two-hundred day simple moving average of $25.34.

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

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.4922 dividend. The ex-dividend date was Monday, June 1st. 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.