Eye Catching Stock: WhiteHorse Finance, Inc. (NASDAQ: WHF)

WhiteHorse Finance, Inc.  (NASDAQ: WHF) spotted trading -13.92% off 52-week high price. On the other end, the stock has been noted 24.54% away from the low price over the last 52-weeks. The stock changed -1.52% to recent value of $13.6. The stock transacted 35359 shares during most recent day however it has an average volume of 38.94K shares. The company has 20.55M of outstanding shares.  

WhiteHorse Finance, Inc.  (NASDAQ: WHF) and State Teachers Retirement System of Ohio, a public pension fund established under Ohio law (“STRS Ohio”), publicized that they have entered into an agreement to co-manage a newly-formed joint venture, WHF STRS Ohio Senior Loan Fund LLC (the “joint venture”), to invest primarily in lower middle market, senior secured debt facilities.

The Company and STRS Ohio have committed to provide up to $125 million of subordinated notes and equity to the joint venture, with the Company providing up to $75 million and STRS Ohio providing up to $50 million. In addition, the joint venture intends to seek up to $250 million in third-party financing thereby providing WhiteHorse Finance up to $375 million in lending capacity.

“WhiteHorse Finance is pleased to partner with a quality institution in STRS Ohio to further its disciplined sourcing strategy of senior secured assets with attractive risk-adjusted returns,” said Stuart Aronson, Chief Executive Officer, WhiteHorse Finance. “The joint venture furthers WhiteHorse’s commitment to sourcing high-quality, high-yielding assets, while expanding upon growth opportunities.  It will also allow for increased diversification into lower-risk assets, all of which advances our ultimate goal of enhancing shareholder value.” 

Its earnings per share (EPS) expected to touch remained -11.90% for this year while earning per share for the next 5-years is expected to reach at 4.99%.

 The price moved ahead of 2.66% from the mean of 20 days, 1.74% from mean of 50 days SMA and performed -1.53% from mean of 200 days price. Company’s performance for the week was -0.44%, 3.82% for month and YTD performance remained 6.92%.

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