WhiteHorse Finance (NASDAQ:WHF) Announces Quarterly Earnings Results

WhiteHorse Finance (NASDAQ:WHF) posted its quarterly earnings data on Thursday. The investment management company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05, Fidelity Earnings reports. WhiteHorse Finance had a return on equity of 9.62% and a net margin of 62.01%. The firm had revenue of $17.76 million for the quarter, compared to the consensus estimate of $16.82 million.

Shares of WhiteHorse Finance stock traded up $0.09 on Friday, hitting $14.03. 46,100 shares of the company’s stock traded hands, compared to its average volume of 64,333. The firm’s 50-day moving average price is $13.86 and its two-hundred day moving average price is $13.91. The stock has a market capitalization of $286.82 million, a PE ratio of 9.35 and a beta of 0.61. WhiteHorse Finance has a one year low of $11.89 and a one year high of $15.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.89 and a quick ratio of 1.89.

The firm also recently announced a — dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.195 per share. This represents a dividend yield of 10.2%. The ex-dividend date is Wednesday, October 30th. WhiteHorse Finance’s payout ratio is 94.67%.

Several analysts have commented on WHF shares. Zacks Investment Research cut shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. Oppenheimer cut shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. B. Riley set a $14.50 target price on shares of WhiteHorse Finance and gave the company a “buy” rating in a research report on Friday, September 13th. BidaskClub cut shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.50.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.

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Earnings History for WhiteHorse Finance (NASDAQ:WHF)

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