WhiteHorse Finance (NASDAQ:WHF) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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WhiteHorse Finance (NASDAQ:WHF) posted its earnings results on Thursday. The investment management company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $16.82 million.

Shares of NASDAQ WHF opened at $14.03 on Friday. The company has a market cap of $286.82 million, a price-to-earnings ratio of 9.35 and a beta of 0.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.89 and a quick ratio of 1.89. WhiteHorse Finance has a 1-year low of $11.89 and a 1-year high of $15.00. The stock’s 50-day moving average is $13.86 and its two-hundred day moving average is $13.91.

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

Several research firms recently issued reports on WHF. Oppenheimer lowered WhiteHorse Finance from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. National Securities began coverage on WhiteHorse Finance in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $14.00 target price on the stock. CIBC reissued a “market perform” rating on shares of WhiteHorse Finance in a research note on Thursday, August 8th. BidaskClub lowered WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research lowered WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.50.

About WhiteHorse Finance

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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