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 prefers to invest in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.
WhiteHorse Finance Stock Performance
Shares of WhiteHorse Finance stock opened at $14.80 on Friday. The business has a 50-day moving average price of $13.63 and a two-hundred day moving average price of $14.45. WhiteHorse Finance has a 1-year low of $12.35 and a 1-year high of $16.22. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.35. The company has a market cap of $344.00 million, a P/E ratio of 13.33 and a beta of 1.23.
WhiteHorse Finance (NASDAQ:WHF - Get Rating) last announced its earnings results on Tuesday, May 10th. The investment management company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $20.03 million for the quarter, compared to the consensus estimate of $21.02 million. WhiteHorse Finance had a net margin of 31.76% and a return on equity of 9.11%. As a group, analysts anticipate that WhiteHorse Finance will post 1.38 EPS for the current year.
WhiteHorse Finance Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date is Monday, September 19th. WhiteHorse Finance's payout ratio is 127.93%.
Analyst Ratings Changes
Several research analysts have commented on WHF shares. StockNews.com raised WhiteHorse Finance from a "sell" rating to a "hold" rating in a report on Monday, August 8th. Hovde Group cut their price objective on WhiteHorse Finance to $13.00 in a research note on Friday, May 20th. Raymond James reduced their target price on WhiteHorse Finance from $16.00 to $15.50 and set an "outperform" rating on the stock in a report on Thursday. Finally, TheStreet upgraded shares of WhiteHorse Finance from a "c" rating to a "b-" rating in a report on Monday, June 6th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.25.