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

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

WhiteHorse Finance Stock Performance

Shares of WHF opened at $8.39 on Monday. WhiteHorse Finance has a 12 month low of $6.07 and a 12 month high of $8.54. The firm has a fifty day simple moving average of $7.40 and a 200 day simple 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. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.29.

WhiteHorse Finance Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on WHF. B. Riley Financial lifted their price objective on shares of WhiteHorse Finance from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. 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. JPMorgan Chase & Co. increased their target price on shares of WhiteHorse Finance from $6.00 to $6.50 and gave the stock an “underweight” rating in a report 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 research report on Thursday, October 22nd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.