WhiteHorse Finance (NASDAQ:WHF) posted its earnings results on Thursday. The investment management company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05, Fidelity Earnings reports. WhiteHorse Finance had a return on equity of 9.62% and a net margin of 62.01%. The company had revenue of $17.76 million for the quarter, compared to the consensus estimate of $16.82 million.

Shares of WHF stock traded up $0.09 on Friday, hitting $14.03. The stock had a trading volume of 46,100 shares, compared to its average volume of 64,333. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $286.82 million, a P/E ratio of 9.35 and a beta of 0.61. WhiteHorse Finance has a 1 year low of $11.89 and a 1 year high of $15.00. The company’s 50 day moving average price is $13.86 and its 200-day moving average price is $13.91.

The company also recently disclosed a — dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, October 31st will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a dividend yield of 10.2%. WhiteHorse Finance’s dividend payout ratio is presently 94.67%.

A number of research firms have commented on WHF. Oppenheimer downgraded WhiteHorse Finance from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. ValuEngine upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Monday. B. Riley set a $14.50 target price on WhiteHorse Finance and gave the company a “buy” rating in a research report on Friday, September 13th. BidaskClub downgraded WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.50.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.

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Earnings History for WhiteHorse Finance (NASDAQ:WHF)

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