WhiteHorse Finance (WHF) Set to Announce Earnings on Thursday

WhiteHorse Finance (NASDAQ:WHF) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings data on Thursday, August 8th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The business had revenue of $23.48 million during the quarter, compared to the consensus estimate of $24.72 million. WhiteHorse Finance had a net margin of 22.73% and a return on equity of 13.12%. During the same period in the prior year, the firm earned $0.46 EPS. On average, analysts expect WhiteHorse Finance to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WhiteHorse Finance Stock Performance

NASDAQ WHF opened at $11.56 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $268.65 million, a P/E ratio of 11.68 and a beta of 1.28. WhiteHorse Finance has a 12-month low of $10.95 and a 12-month high of $13.44. The firm has a 50-day moving average price of $11.78 and a two-hundred day moving average price of $12.22.

WhiteHorse Finance Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, October 31st will be issued a $0.245 dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 13%. This is an increase from WhiteHorse Finance’s previous None dividend of $0.14. WhiteHorse Finance’s payout ratio is currently 155.56%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WHF shares. JPMorgan Chase & Co. cut their price target on shares of WhiteHorse Finance from $12.50 to $11.50 and set an “underweight” rating for the company in a report on Monday, July 29th. StockNews.com raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.75.

Insider Transactions at WhiteHorse Finance

In other news, Director John Bolduc purchased 12,673 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $11.48 per share, with a total value of $145,486.04. Following the acquisition, the director now owns 224,326 shares in the company, valued at approximately $2,575,262.48. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.

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.