WhiteHorse Finance (NASDAQ:WHF - Get Free Report) announced its quarterly earnings results on Friday. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05), Zacks reports. The business had revenue of $21.01 million during the quarter, compared to analyst estimates of $22.43 million. WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. During the same period last year, the company earned $0.46 earnings per share.
WhiteHorse Finance Price Performance
Shares of WHF traded down $0.18 on Tuesday, reaching $9.82. The stock had a trading volume of 105,971 shares, compared to its average volume of 94,083. The firm has a 50-day moving average of $10.36 and a 200 day moving average of $10.92. The firm has a market capitalization of $228.25 million, a PE ratio of 21.82 and a beta of 1.25. WhiteHorse Finance has a twelve month low of $9.45 and a twelve month high of $13.44. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.19.
WhiteHorse Finance Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 15.68%. The ex-dividend date is Friday, March 21st. WhiteHorse Finance's dividend payout ratio is currently 327.66%.
Analyst Upgrades and Downgrades
WHF has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $9.50 to $9.00 and set an "underweight" rating for the company in a research note on Monday. Oppenheimer downgraded shares of WhiteHorse Finance from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $14.00 to $12.00 in a report on Monday, November 11th.
Check Out Our Latest Report on WHF
WhiteHorse Finance Company Profile
(
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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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