WhiteHorse Finance (NASDAQ:WHF) Posts Earnings Results, Beats Expectations By $0.02 EPS

WhiteHorse Finance (NASDAQ:WHF) announced its quarterly earnings data on Monday. The investment management company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02, FiscalAI reports. The company had revenue of $17.34 million during the quarter, compared to analyst estimates of $16.91 million. WhiteHorse Finance had a net margin of 12.91% and a return on equity of 9.93%.

WhiteHorse Finance Stock Performance

Shares of NASDAQ:WHF opened at $6.30 on Monday. The stock’s 50-day simple moving average is $6.75 and its two-hundred day simple moving average is $7.28. The stock has a market capitalization of $146.41 million, a price-to-earnings ratio of 14.65 and a beta of 0.56. WhiteHorse Finance has a 52-week low of $6.07 and a 52-week high of $11.31. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.80 and a current ratio of 1.80.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research raised WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WhiteHorse Finance in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $7.75.

Insider Activity

In other WhiteHorse Finance news, CFO Joyson Thomas acquired 4,502 shares of the stock in a transaction dated Wednesday, December 24th. The shares were purchased at an average price of $7.01 per share, for a total transaction of $31,559.02. Following the purchase, the chief financial officer directly owned 22,001 shares of the company’s stock, valued at approximately $154,227.01. This trade represents a 25.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Bolduc bought 8,974 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were acquired at an average price of $6.99 per share, with a total value of $62,728.26. Following the completion of the transaction, the director directly owned 263,698 shares of the company’s stock, valued at $1,843,249.02. This trade represents a 3.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 44,676 shares of company stock valued at $310,287 in the last quarter. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WhiteHorse Finance

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in WhiteHorse Finance during the third quarter valued at $26,000. Kestra Advisory Services LLC bought a new position in shares of WhiteHorse Finance in the fourth quarter worth about $44,000. O Shaughnessy Asset Management LLC bought a new position in shares of WhiteHorse Finance in the fourth quarter worth about $88,000. Oxford Asset Management LLP purchased a new position in shares of WhiteHorse Finance during the 2nd quarter valued at about $105,000. Finally, Trexquant Investment LP bought a new position in shares of WhiteHorse Finance during the 4th quarter valued at approximately $108,000. 13.20% of the stock is owned by institutional investors.

About WhiteHorse Finance

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.