WhiteHorse Finance (WHF) Set to Announce Earnings on Thursday

WhiteHorse Finance (NASDAQ:WHF) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect WhiteHorse Finance to post earnings of $0.42 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

WhiteHorse Finance (NASDAQ:WHF) last announced 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). WhiteHorse Finance had a net margin of 22.73% and a return on equity of 13.12%. The business had revenue of $23.48 million during the quarter, compared to the consensus estimate of $24.72 million. During the same period in the previous year, the business posted $0.46 earnings per share. 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 Price Performance

Shares of WHF stock opened at $11.56 on Tuesday. WhiteHorse Finance has a 52-week low of $10.95 and a 52-week high of $13.44. The stock has a market cap of $268.65 million, a PE ratio of 11.68 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.47 and a current ratio of 1.47. The firm’s 50 day moving average price is $11.78 and its two-hundred day moving average price is $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 paid a $0.245 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from WhiteHorse Finance’s previous None dividend of $0.14. This represents a yield of 13%. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 155.56%.

Insider Transactions at WhiteHorse Finance

In related news, Director John Bolduc acquired 12,673 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $11.48 per share, for a total transaction of $145,486.04. Following the completion of the acquisition, the director now directly 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

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

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.