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

WhiteHorse Finance (NASDAQ:WHF) posted its quarterly earnings data on Friday. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05), Zacks reports. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. The firm had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $22.43 million. During the same quarter in the previous year, the company posted $0.46 EPS.

WhiteHorse Finance Trading Down 4.6 %

NASDAQ:WHF opened at $10.03 on Friday. The company has a market cap of $233.13 million, a P/E ratio of 22.29 and a beta of 1.25. The stock’s fifty day moving average price is $10.35 and its two-hundred day moving average price is $10.94. WhiteHorse Finance has a 1 year low of $9.45 and a 1 year high of $13.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.98 and a quick ratio of 0.98.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 15.35%. WhiteHorse Finance’s dividend payout ratio is currently 342.22%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com downgraded WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Oppenheimer downgraded WhiteHorse Finance from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $14.00 to $12.00 in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on WhiteHorse Finance from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. Finally, Raymond James restated a “market perform” rating on shares of WhiteHorse Finance in a research report on Friday, November 8th.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.