WhiteHorse Finance (WHF) Scheduled to Post Quarterly Earnings on Wednesday

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WhiteHorse Finance (NASDAQ:WHF) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect WhiteHorse Finance to post earnings of $0.37 per share for the quarter.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Wednesday, May 8th. The investment management company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The business had revenue of $15.92 million during the quarter, compared to the consensus estimate of $15.46 million. WhiteHorse Finance had a net margin of 80.64% and a return on equity of 9.50%. On average, analysts expect WhiteHorse Finance to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of WhiteHorse Finance stock opened at $13.43 on Tuesday. WhiteHorse Finance has a one year low of $11.89 and a one year high of $15.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $284.62 million, a P/E ratio of 8.95 and a beta of 0.60. The business has a 50-day moving average price of $13.95.

WHF has been the topic of several recent analyst reports. BidaskClub downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Raymond James initiated coverage on shares of WhiteHorse Finance in a report on Tuesday, June 18th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Saturday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. WhiteHorse Finance has an average rating of “Hold” and a consensus target price of $14.63.

In other news, Director Kevin Francis Burke bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were purchased at an average price of $14.00 per share, for a total transaction of $42,000.00. Following the completion of the transaction, the director now directly owns 7,530 shares in the company, valued at $105,420. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Anthony Tamer sold 2,350,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $14.00, for a total value of $32,900,000.00. Following the completion of the sale, the insider now owns 6,026 shares in the company, valued at approximately $84,364. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

About WhiteHorse Finance

WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.

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Earnings History for WhiteHorse Finance (NASDAQ:WHF)

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