WhiteHorse Finance (NASDAQ:WHF) Announces Earnings Results

Key Points

• WhiteHorse Finance reported earnings of $0.28 per share for the quarter, falling short of analysts' expectations of $0.31.
• The company declared a quarterly dividend of $0.385 per share, resulting in an annualized dividend yield of 18.2%.
• Analysts currently have a consensus rating of "Hold" for WhiteHorse Finance, with a target price set at $10.50.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) announced its quarterly earnings data on Thursday. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03), Zacks reports. The business had revenue of $18.84 million during the quarter, compared to the consensus estimate of $19.33 million. WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.60%.

WhiteHorse Finance Stock Performance

Shares of NASDAQ WHF traded down $0.05 during trading on Friday, reaching $8.47. 95,313 shares of the stock traded hands, compared to its average volume of 68,939. WhiteHorse Finance has a 52-week low of $8.44 and a 52-week high of $12.42. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50-day moving average of $8.92 and a 200-day moving average of $9.53. The stock has a market capitalization of $196.84 million, a P/E ratio of 56.47 and a beta of 0.82.

WhiteHorse Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 18.2%. The ex-dividend date of this dividend is Friday, September 19th. WhiteHorse Finance's dividend payout ratio is currently 1,026.67%.

Analysts Set New Price Targets

Separately, B. Riley raised WhiteHorse Finance to a "hold" rating in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.50.

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.

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