WhiteHorse Finance (NASDAQ:WHF) Issues Quarterly Earnings Results

WhiteHorse Finance (NASDAQ:WHF) announced its quarterly earnings results on Monday. The investment management company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05, FiscalAI reports. The company had revenue of $14.83 million for the quarter, compared to the consensus estimate 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 WhiteHorse Finance stock opened at $8.39 on Monday. The firm has a 50-day simple moving average of $7.40 and a two-hundred day simple moving average of $7.04. 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 has a fifty-two week low of $6.07 and a fifty-two week high of $8.54. The company has a market cap of $180.22 million, a P/E ratio of 10.62 and a beta of 0.37.

WhiteHorse Finance Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on WHF shares. Weiss Ratings upgraded WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. lifted their price target on WhiteHorse Finance from $6.00 to $6.50 and gave the company an “underweight” rating in a research report on Wednesday, August 19th. B. Riley Financial lifted their price target on WhiteHorse Finance from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Finally, Raymond James Financial raised WhiteHorse Finance from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, WhiteHorse Finance currently 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.