WhiteHorse Finance (NASDAQ:WHF) Posts Earnings Results, Misses Estimates By $0.03 EPS

WhiteHorse Finance (NASDAQ:WHF) announced its quarterly earnings data on Monday. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03), Zacks reports. WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.72%.

WhiteHorse Finance Price Performance

WHF stock opened at $6.70 on Monday. The company has a market cap of $155.73 million, a PE ratio of 45.26 and a beta of 0.79. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.32. The stock has a 50-day moving average price of $7.54 and a two-hundred day moving average price of $8.46. WhiteHorse Finance has a 12-month low of $6.53 and a 12-month high of $11.31.

WhiteHorse Finance Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, October 31st will be issued a $0.035 dividend. The ex-dividend date is Friday, October 31st. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 1,026.67%.

Institutional Investors Weigh In On WhiteHorse Finance

Large investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in shares of WhiteHorse Finance in the 2nd quarter worth about $368,000. Bank of America Corp DE increased its holdings in WhiteHorse Finance by 92.0% in the second quarter. Bank of America Corp DE now owns 185,004 shares of the investment management company’s stock valued at $1,613,000 after buying an additional 88,659 shares during the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in WhiteHorse Finance during the second quarter valued at approximately $105,000. Institutional investors and hedge funds own 13.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on WHF shares. Zacks Research upgraded WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. B. Riley reduced their target price on shares of WhiteHorse Finance from $9.50 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. LADENBURG THALM/SH SH raised shares of WhiteHorse Finance to a “hold” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of WhiteHorse Finance from $8.00 to $6.50 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WhiteHorse Finance in a report on Wednesday, October 8th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $9.17.

About WhiteHorse Finance

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.