WhiteHorse Finance (NASDAQ:WHF) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

WhiteHorse Finance (NASDAQ:WHF) announced its quarterly earnings results on Monday. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03), Zacks reports. The business had revenue of $14.83 million for the quarter, compared to the consensus estimate of $15.19 million. WhiteHorse Finance had a net margin of 26.88% and a return on equity of 8.94%.

WhiteHorse Finance Stock Performance

Shares of WHF stock traded down $0.31 on Monday, reaching $8.08. The stock had a trading volume of 23,477 shares, compared to its average volume of 96,137. The stock has a market cap of $173.56 million, a P/E ratio of 10.23 and a beta of 0.37. WhiteHorse Finance has a 1 year low of $6.07 and a 1 year high of $8.53. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 1.39. The company has a 50 day simple moving average of $7.40 and a 200 day simple moving average of $7.04.

WhiteHorse Finance Announces Dividend

The company also recently declared a special dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, October 30th. WhiteHorse Finance’s dividend payout ratio is presently 126.58%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. B. Riley Financial lifted their price objective on WhiteHorse Finance from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Weiss Ratings upgraded shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. upped their target price on shares of WhiteHorse Finance from $6.00 to $6.50 and gave the company an “underweight” rating in a research note on Wednesday, August 19th. Finally, Raymond James Financial raised shares of WhiteHorse Finance from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Thursday, October 22nd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, WhiteHorse Finance currently has a consensus rating of “Hold” and a consensus price target of $7.83.

About WhiteHorse Finance

WhiteHorse Finance, Inc is a business development company that provides financing to privately owned, middle-market businesses in the United States. The company primarily invests in senior secured loans, including first-lien and unitranche loans, and may also provide second-lien and subordinated debt financing.

In addition to debt investments, WhiteHorse Finance may make equity investments and co-investments alongside its lending activities. Its portfolio generally supports acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes for middle-market companies across a range of industries.

WhiteHorse Finance was formed in 2012 and operates as a regulated business development company under the Investment Company Act of 1940.