WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Stock Crosses Below 50 Day Moving Average – What’s Next?

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL)’s share price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $25.11 and traded as low as $25.00. WhiteHorse Finance, Inc. 7.875% Notes due 2028 shares last traded at $25.10, with a volume of 45,440 shares.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Trading Down 0.7%

The business’s 50 day moving average is $25.11 and its 200 day moving average is $25.29.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.4922 dividend. This represents a $1.97 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Tuesday, September 1st.

WhiteHorse Finance, Inc. is a business development company that provides financing to lower-middle-market businesses, primarily in the United States. Its investment portfolio focuses on privately held companies across a range of industries. The company offers customized financing solutions, including senior secured loans, unitranche loans and, in some cases, junior debt or equity investments. Its capital is generally used to support business growth, acquisitions, recapitalizations and other corporate needs.