WhiteHorse Finance (NASDAQ:WHF) Posts Earnings Results, Beats Expectations By $0.05 EPS

WhiteHorse Finance (NASDAQ:WHF) released its earnings results on Monday. The investment management company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05, FiscalAI reports. WhiteHorse Finance had a return on equity of 8.94% and a net margin of 26.88%. The company had revenue of $14.80 million during the quarter, compared to the consensus estimate of $15.19 million.

WhiteHorse Finance Stock Performance

Shares of WhiteHorse Finance stock opened at $8.39 on Monday. The firm has a fifty day moving average of $7.40 and a two-hundred day moving average of $7.04. The stock has a market capitalization of $180.22 million, a price-to-earnings ratio of 10.62 and a beta of 0.37. WhiteHorse Finance has a 52 week low of $6.07 and a 52 week high of $8.54. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 1.39.

WhiteHorse Finance Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on WHF. Raymond James Financial upgraded 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. B. Riley Financial boosted 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. 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 report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.83.

WhiteHorse Finance Company Profile

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.