WhiteHorse Finance, Inc. (WHF) to Release Quarterly Earnings on Wednesday
WhiteHorse Finance, Inc. (NASDAQ:WHF) will announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Tuesday, August 8th. The investment management company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The firm had revenue of $14.29 million during the quarter, compared to analysts’ expectations of $12.57 million. WhiteHorse Finance had a net margin of 62.57% and a return on equity of 10.57%. On average, analysts expect WhiteHorse Finance to post $1.41 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.
WhiteHorse Finance, Inc. (WHF) opened at 14.73 on Wednesday. WhiteHorse Finance, Inc. has a 1-year low of $10.56 and a 1-year high of $15.05. The company’s 50-day moving average is $14.63 and its 200 day moving average is $14.17.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 9.64%. The ex-dividend date of this dividend was Friday, September 15th. WhiteHorse Finance’s dividend payout ratio is 75.53%.
A number of equities research analysts have recently weighed in on WHF shares. Robert W. Baird downgraded WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Monday. ValuEngine raised WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub downgraded WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Saturday, August 12th.
WhiteHorse Finance Company Profile
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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