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

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

WhiteHorse Finance Trading Down 4.6 %

WHF opened at $10.03 on Friday. WhiteHorse Finance has a fifty-two week low of $9.45 and a fifty-two week 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. The company has a market cap of $233.13 million, a price-to-earnings ratio of 22.29 and a beta of 1.25. The firm has a 50 day simple moving average of $10.35 and a 200 day simple moving average of $10.94.

WhiteHorse Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 15.35%. WhiteHorse Finance’s dividend payout ratio (DPR) is 327.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WHF shares. Oppenheimer lowered shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $14.00 to $12.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their price target on shares of WhiteHorse Finance from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Monday, February 3rd.

About WhiteHorse Finance

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.