WhiteHorse Finance (NASDAQ:WHF) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

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) posted its quarterly earnings results on Thursday, August 7th. 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 company had revenue of $18.84 million during the quarter, compared to analysts' expectations of $19.33 million. WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.72%.

WhiteHorse Finance Trading Down 0.2%

NASDAQ:WHF traded down $0.02 during trading hours on Thursday, reaching $8.45. 67,237 shares of the stock were exchanged, compared to its average volume of 73,627. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average of $8.88 and a two-hundred day moving average of $9.48. WhiteHorse Finance has a twelve month low of $8.36 and a twelve month high of $12.42. The company has a market capitalization of $196.40 million, a price-to-earnings ratio of 56.34 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. Shareholders of record on Friday, September 19th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 18.2%. The ex-dividend date is Friday, September 19th. WhiteHorse Finance's dividend payout ratio is 1,026.67%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WhiteHorse Finance stock. Marshall Wace LLP acquired a new stake in WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 42,240 shares of the investment management company's stock, valued at approximately $368,000. Marshall Wace LLP owned approximately 0.18% of WhiteHorse Finance at the end of the most recent quarter. 13.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. B. Riley dropped their price target on WhiteHorse Finance from $9.50 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday. LADENBURG THALM/SH SH upgraded WhiteHorse Finance to a "hold" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.00.

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.