WhiteHorse Finance, Inc. (WHF) Set to Announce Quarterly Earnings on Thursday
WhiteHorse Finance, Inc. (NASDAQ:WHF) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.37 per share for the quarter.
WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Friday, May 5th. The investment management company reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. WhiteHorse Finance had a return on equity of 10.78% and a net margin of 65.58%. The company had revenue of $13.58 million for the quarter, compared to the consensus estimate of $12.10 million. On average, analysts expect WhiteHorse Finance to post $1.45 EPS for the current fiscal year and $1.49 EPS for the next fiscal year.
Shares of WhiteHorse Finance, Inc. (NASDAQ:WHF) opened at 13.31 on Thursday. The firm has a 50-day moving average price of $13.81 and a 200-day moving average price of $13.56. WhiteHorse Finance, Inc. has a 52-week low of $10.30 and a 52-week high of $14.75.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Monday, June 19th were issued a dividend of $0.355 per share. The ex-dividend date was Thursday, June 15th. This represents a $1.42 annualized dividend and a yield of 10.67%. WhiteHorse Finance’s payout ratio is 73.58%.
WHF has been the topic of several recent analyst reports. ValuEngine raised WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Finally, Robert W. Baird raised WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $14.13.
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About WhiteHorse Finance
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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