WhiteHorse Finance (NASDAQ:WHF - Get Free Report) released its quarterly earnings results on Monday. The investment management company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04), Zacks reports. The firm had revenue of $18.80 million for the quarter, compared to analysts' expectations of $19.98 million. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%.
WhiteHorse Finance Stock Up 1.8%
Shares of WHF stock traded up $0.16 on Friday, reaching $9.16. 62,628 shares of the stock were exchanged, compared to its average volume of 92,888. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The business's 50 day moving average price is $9.49 and its 200 day moving average price is $10.12. The company has a market capitalization of $212.91 million, a price-to-earnings ratio of 20.36 and a beta of 0.84. WhiteHorse Finance has a twelve month low of $8.44 and a twelve month high of $13.44.
WhiteHorse Finance Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 19th will be paid a dividend of $0.385 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 16.81%. WhiteHorse Finance's payout ratio is currently 394.87%.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. cut their target price on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th.
Check Out Our Latest Report on WHF
Insider Activity at WhiteHorse Finance
In other WhiteHorse Finance news, Director John Bolduc bought 22,360 shares of WhiteHorse Finance stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average cost of $8.94 per share, with a total value of $199,898.40. Following the completion of the acquisition, the director now owns 237,885 shares of the company's stock, valued at approximately $2,126,691.90. This represents a 10.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.
WhiteHorse Finance Company Profile
(
Get Free Report)
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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