WhiteHorse Finance (WHF) to Release Quarterly Earnings on Wednesday

WhiteHorse Finance (NASDAQ:WHF) will issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect WhiteHorse Finance to post earnings of $0.46 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. The company had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. On average, analysts expect WhiteHorse Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WhiteHorse Finance Stock Down 1.8 %

Shares of WHF opened at $12.79 on Monday. The firm’s 50-day simple moving average is $12.55 and its 200 day simple moving average is $12.48. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $297.24 million, a P/E ratio of 14.53 and a beta of 1.25. WhiteHorse Finance has a 52 week low of $11.13 and a 52 week high of $13.69.

WhiteHorse Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 22nd were given a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 12.04%. The ex-dividend date was Thursday, March 21st. WhiteHorse Finance’s payout ratio is 175.00%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WHF. B. Riley downgraded WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price target for the company. in a research note on Monday, January 8th. JPMorgan Chase & Co. reduced their target price on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research report on Friday, March 1st. Finally, StockNews.com raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, WhiteHorse Finance has a consensus rating of “Hold” and an average target price of $12.81.

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.