Keep Your Eyes on Stock News: WhiteHorse Finance (NASDAQ:WHF)

WhiteHorse Finance (NASDAQ:WHF) stock identified change of 19.60% away from 52-week low price and recently located move of -55.04% off 52-week high price. It has market worth of $135.40M and dividend yield of 21.55%. WHF stock has been recorded -45.13% away from 50 day moving average and -50.39% away from 200 day moving average. Moving closer, we can see that shares have been trading -28.03% off 20-day moving average.

On April 2, 2020, WhiteHorse Finance (NASDAQ:WHF) issued the following business update letter to stakeholders in light of evolving market conditions amid the coronavirus disease (COVID-19) pandemic. The full text of the letter follows:

Dear Stakeholder,

I hope that all of you are safe and healthy as we go through this unprecedented time in the world.  WhiteHorse Finance (WHF) management would like to share an update to provide increased transparency during this uncertain time. The H.I.G. WhiteHorse Direct Lending team, which manages the WHF portfolio of assets, has been working remotely for several weeks now and is taking advantage of the H.I.G. Capital (H.I.G.) communication networks and tools that are in place to keep the business operating smoothly in the face of disruptions from COVID-19.

Over the past four years, management of WHF has communicated to shareholders a strategy and investment philosophy that was designed to create stability in the face of a market downturn.  The specific actions we have shared with you and have executed include the following:

The Financial sector company, WhiteHorse Finance noticed change of -2.08% to $6.59 along volume of 243061 shares in recent session compared to an average volume of 189.27K shares. The stock observed return of -21.64% in 5 days trading activity. The stock was at -52.49% over one month performance. WHF’s shares are at -52.00% for the quarter and driving a -52.38% return over the course of the past year and is now at -51.90% since this point in 2018.

The average volatility for the week at 14.11% and for month was at 21.31%. There are 20.55M shares outstanding.

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