WhiteHorse Finance (WHF) to Release Quarterly Earnings on Wednesday

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The firm had revenue of $25.63 million for the quarter, compared to the consensus estimate of $25.33 million. On average, analysts expect WhiteHorse Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WhiteHorse Finance Trading Down 0.1 %

NASDAQ:WHF traded down $0.01 during trading hours on Wednesday, hitting $12.87. 96,365 shares of the stock were exchanged, compared to its average volume of 72,020. The company's 50 day moving average is $12.54 and its two-hundred day moving average is $12.48. WhiteHorse Finance has a twelve month low of $11.13 and a twelve month high of $13.69. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $299.10 million, a P/E ratio of 14.63 and a beta of 1.28.

WhiteHorse Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 22nd were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 11.97%. The ex-dividend date of this dividend was Thursday, March 21st. WhiteHorse Finance's payout ratio is 175.00%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of WhiteHorse Finance from $12.00 to $11.50 and set an "underweight" rating for the company in a research report on Friday, March 1st. StockNews.com cut shares of WhiteHorse Finance from a "buy" rating to a "hold" rating in a research report on Thursday, April 25th. Finally, B. Riley cut shares of WhiteHorse Finance from a "buy" rating to a "neutral" rating and set a $13.25 target price for the company. in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.81.

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.