WhiteHorse Finance (WHF) Announces Quarterly Earnings Results
WhiteHorse Finance (NASDAQ:WHF) announced its earnings results on Friday. The investment management company reported $0.33 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33, Morningstar.com reports. WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%.
Shares of WhiteHorse Finance (WHF) traded up $0.66 during trading hours on Friday, reaching $11.65. 83,970 shares of the company traded hands, compared to its average volume of 64,093. The firm has a market capitalization of $253.56, a PE ratio of 6.26 and a beta of 0.80. WhiteHorse Finance has a 52-week low of $10.92 and a 52-week high of $15.05. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.64.
Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. acquired a new stake in WhiteHorse Finance in the third quarter valued at approximately $539,000. Goldman Sachs Group Inc. raised its holdings in WhiteHorse Finance by 211.1% during the second quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after purchasing an additional 31,367 shares in the last quarter. IFP Advisors Inc acquired a new stake in WhiteHorse Finance during the third quarter worth approximately $743,000. JPMorgan Chase & Co. raised its holdings in WhiteHorse Finance by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock worth $295,000 after purchasing an additional 5,664 shares in the last quarter. Finally, Telemus Capital LLC acquired a new stake in WhiteHorse Finance during the third quarter worth approximately $148,000. 9.23% of the stock is currently owned by hedge funds and other institutional investors.
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About WhiteHorse Finance
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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