WhiteHorse Finance (NASDAQ:WHF) spotted trading -11.58% off 52-week high price. On the other end, the stock has been noted 17.49% away from the low price over the last 52-weeks. The stock changed -3.66% to recent value of $13.97. The stock transacted 1072035 shares during most recent day however it has an average volume of 68.01K shares. The company has 20.55M of outstanding shares.
WhiteHorse Finance, Inc., a business development company (NASDAQ: WHF), declared that certain of its stockholders (the “Selling Stockholders”), which are funds affiliated with H.I.G. Capital, LLC (“H.I.G. Capital”), have priced an underwritten, public offering of 2,350,000 shares of common stock of the Company at a public offering price of $14.00 per share pursuant to the Company’s shelf registration statement, which was filed with, and has been declared effective by, the Securities and Exchange Commission (the “Commission”).
The offering is expected to close on June 18, 2019, subject to customary closing conditions. The Selling Stockholders have also granted the underwriters an option to purchase up to an additional 352,500 shares of common stock of the Company to cover over-allotments, if any. The Company will not receive any proceeds from the sale of shares in the offering.
Raymond James, Keefe, Bruyette & Woods, Inc., A Stifel Company, and Deutsche Bank Securities are serving as joint book-running managers for the offering. B. Riley FBR, JMP Securities and Ladenburg Thalmann are serving as co-managers for the offering.
Its earnings per share (EPS) expected to touch remained 20.50% for this year while earning per share for the next 5-years is expected to reach at 4.99%.
The price moved ahead of -2.89% from the mean of 20 days, -2.47% from mean of 50 days SMA and performed 1.02% from mean of 200 days price. Company’s performance for the week was -3.46%, -0.99% for month and YTD performance remained 9.83%.
Category – Business
After many years in the market, Charles Frey dedicated all his time to write articles highlighting different financial problems. He has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years.
Charles holds a postgraduate degree in Software Engineering. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Charles is a share market expert, being personally invested for over 6 years. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
Address: 2520 North Van Buren Street, Wilmington, DE 19802, USA
Email: [email protected]
Zip code: 19802
Contact # 302-298-6858