WhiteHorse Finance (NASDAQ:WHF) Issues Quarterly Earnings Results

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) announced its earnings results on Monday. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04), Zacks reports. WhiteHorse Finance had a return on equity of 12.86% and a net margin of 10.65%. The company had revenue of $18.80 million for the quarter, compared to the consensus estimate of $19.98 million.

WhiteHorse Finance Stock Performance

Shares of WHF traded down $0.19 during mid-day trading on Thursday, reaching $8.94. The company's stock had a trading volume of 72,317 shares, compared to its average volume of 92,170. 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 stock has a market cap of $207.68 million, a P/E ratio of 19.86 and a beta of 0.84. WhiteHorse Finance has a 1-year low of $8.44 and a 1-year high of $13.44. The business has a 50-day simple moving average of $9.53 and a two-hundred day simple moving average of $10.18.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th will be issued a $0.385 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 17.24%. WhiteHorse Finance's payout ratio is 327.66%.

Insider Buying and Selling at WhiteHorse Finance

In other news, Director John Bolduc acquired 22,360 shares of WhiteHorse Finance stock in a transaction on Tuesday, April 8th. The shares were purchased at an average cost of $8.94 per share, for a total transaction of $199,898.40. Following the completion of the purchase, the director now directly owns 237,885 shares of the company's stock, valued at approximately $2,126,691.90. This represents a 10.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating for the company in a research note on Monday, March 10th.

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.