WhiteHorse Finance (NASDAQ:WHF) announced its quarterly earnings data on Thursday. The investment management company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05, Fidelity Earnings reports. The business had revenue of $17.76 million for the quarter, compared to analysts’ expectations of $16.82 million. WhiteHorse Finance had a net margin of 62.01% and a return on equity of 9.62%.
Shares of NASDAQ WHF traded up $0.09 during midday trading on Friday, reaching $14.03. 46,100 shares of the company were exchanged, compared to its average volume of 64,333. The stock’s 50-day moving average price is $13.86 and its 200-day moving average price is $13.91. The stock has a market cap of $286.82 million, a P/E 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 quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.78.
The business also recently announced a — dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a dividend yield of 10.2%. WhiteHorse Finance’s payout ratio is presently 94.67%.
WHF has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. CIBC reaffirmed a “market perform” rating on shares of WhiteHorse Finance in a research note on Thursday, August 8th. Oppenheimer cut shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. ValuEngine raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Monday. Finally, B. Riley set a $14.50 target price on shares of WhiteHorse Finance and gave the stock a “buy” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. WhiteHorse Finance presently has an average rating of “Hold” and an average target price 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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